SafeInsure (SINS), High Volatility and Falling Sunday: Is it Time to Cash Out?

Sunday, January 02, 2022 03:36 PM | InvestorsObserver Analysts

SafeInsure (SINS) has been relatively more volatile compared to the crypto market. So far Sunday, the crypto has fallen 36.22% to $0.006960777772.

InvestorsObserver is giving SafeInsure a 80 Volatility Rank. Find out what this means to you and get the rest of the rankings on SafeInsure!

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Highly Volatile

InvestorsObserver gives SafeInsure a high volatility rank of 80, placing it in the top 20% of cryptos on the market.

The Volatility Gauge follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. SINS'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.

SafeInsure price is in a favorable position going forward. With support set at $0.00652057372852097 and resistance around $0.00734980658515225. This leaves SafeInsure with room to run before facing selling pressures.

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.