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Siacoin (SC), Moderate Volatility and Falling Sunday: Is it Time to Cash Out?

Sunday, February 25, 2024 06:28 AM | InvestorsObserver Analysts
Siacoin (SC), Moderate Volatility and Falling Sunday: Is it Time to Cash Out?

Siacoin (SC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Distributed Software Platform has lost 35.43% to $0.01020536753.

volatility - 64
InvestorsObserver is giving Siacoin a 64 Volatility Rank. Find out what this means to you and get the rest of the rankings on Siacoin!

Moderately Volatile

InvestorsObserver gives Siacoin a moderate volatility rank of 64, placing it in the top 36% 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. SC's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Siacoin price is favorably positioned going forward. With support around $0.00492512567400347 and resistance around $0.016544672124678. This leaves Siacoin 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.

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