SafeCoin (SAFE) Up 16.69% Thursday: What's Next?

Thursday, March 28, 2024 01:45 PM | InvestorsObserver Analysts

SafeCoin (SAFE) has been relatively more volatile when compared to other cryptocurrencies. So far Thursday, the crypto has advanced 16.69% to $0.1189742184.

InvestorsObserver is giving SafeCoin a 96 Volatility Rank. Find out what this means to you and get the rest of the rankings on SafeCoin!

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Highly Volatile

InvestorsObserver gives SafeCoin a high volatility rank of 96, placing it in the top 4% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. SAFE's high volatility reading comes 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 $0.0868533792477405 and resistance at $0.11632649028118. This positions 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.