SifChain (erowan) Rises 26.25%, Outperforms the Crypto Market Friday

Friday, October 28, 2022 07:32 PM | InvestorsObserver Analysts

SifChain (erowan) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Friday, the crypto has added 26.25% to $0.002496469884.

InvestorsObserver is giving SifChain a 76 Volatility Rank. Find out what this means to you and get the rest of the rankings on SifChain!

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Highly Volatile

InvestorsObserver gives SifChain a high volatility rank of 76, placing it in the top 24% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. erowan's high volatility reading pairs 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.

SifChain price is trading above resistance. With support at $0.00181423794163506 and resistance at $0.00230099298676591. This positions SifChain 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.