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SafeCoin (SAFE), High Volatility and Rising Wednesday: Is it Time to Cash Out?

Wednesday, February 28, 2024 01:29 PM | InvestorsObserver Analysts
SafeCoin (SAFE), High Volatility and Rising Wednesday: Is it Time to Cash Out?

SafeCoin (SAFE) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the crypto has gained 12.95% to $0.09365671404.

volatility - 98
InvestorsObserver is giving SafeCoin a 98 Volatility Rank. Find out what this means to you and get the rest of the rankings on SafeCoin!

Highly Volatile

InvestorsObserver gives SafeCoin a high volatility rank of 98, placing it in the top 2% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won't make or break its rank. SAFE'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.

SafeCoin price is trading above resistance. With support around $0.0737841206758475 and resistance around $0.0918524566262221. This leaves SafeCoin 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.

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