Scholarship Coin (SCHO) Rises 122.24%, Outperforms the Crypto Market Wednesday

Wednesday, October 05, 2022 06:21 AM | InvestorsObserver Analysts

Scholarship Coin (SCHO) has been relatively more volatile compared to the crypto market. So far Wednesday, the crypto has gained 122.24% to $2.

InvestorsObserver is giving Scholarship Coin a 83 Volatility Rank. Find out what this means to you and get the rest of the rankings on Scholarship Coin!

See Full Report

Highly Volatile

InvestorsObserver gives Scholarship Coin a high volatility rank of 83, placing it in the top 17% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. SCHO'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.

Scholarship Coin price is well positioned going forward. With support at $-0.800538955645679 and resistance around $4.3. This leaves Scholarship Coin 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.