SkinCoin (SKIN) Up 60.24% Wednesday: What's Next?

Wednesday, January 12, 2022 12:26 PM | InvestorsObserver Analysts

SkinCoin (SKIN) has been relatively more volatile when compared to other cryptocurrencies. So far Wednesday, the Gaming has gained 60.24% to $0.002494385539.

InvestorsObserver is giving SkinCoin a 93 Volatility Rank. Find out what this means to you and get the rest of the rankings on SkinCoin!

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Highly Volatile

InvestorsObserver gives SkinCoin a high volatility rank of 93, placing it in the top 7% of cryptos on the market.

The Volatility Gauge analyzes meaning that one day won't make or break its rank. SKIN's high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

SkinCoin price is trading above resistance. With support around $0.00105357853307564 and resistance set at $0.00224294276985515. This leaves SkinCoin out of range and potentially in a volatile position if the rally burns out.