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

Tuesday, January 31, 2023 07:55 PM | InvestorsObserver Analysts

SafeInsure (SINS) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the crypto has lost 4.05% to $0.0004158019706.

InvestorsObserver is giving SafeInsure a 98 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 98, placing it in the top 2% of cryptos on the market.

The Volatility Gauge takes into account 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 is coupled 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 at $0.000392797199048776 and resistance near $0.000423856574081558. This positions 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.