ReddCoin (RDD) Up 79.34% Sunday: What's Next?

Sunday, September 25, 2022 01:32 PM | InvestorsObserver Analysts

ReddCoin (RDD) has been relatively more volatile when compared to other cryptocurrencies. So far Sunday, the Content has added 79.34% to $0.0003430786467.

InvestorsObserver is giving ReddCoin a 94 Volatility Rank. Find out what this means to you and get the rest of the rankings on ReddCoin!

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Highly Volatile

InvestorsObserver gives ReddCoin a high volatility rank of 94, placing it in the top 6% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. RDD's high volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

ReddCoin price is trading above resistance. With support around $0.000129954781774865 and resistance at $0.000311327772257352. This leaves ReddCoin out of range and potentially in a volatile position if the rally burns out.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.