Smaugs NFT (SMG) Falls 0.2%, Underperforms the Crypto Market Monday

Monday, May 15, 2023 05:14 PM | InvestorsObserver Analysts

Smaugs NFT (SMG) has been relatively more volatile compared to the crypto market. So far Monday, the Art, Collectibles and Non-Fungible Tokens has dropped 19.57% to $0.0002724406224.

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

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Highly Volatile

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

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. SMG's high volatility reading pairs 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.

Smaugs NFT price is trading near resistance. With support near $0.000239216416618043 and resistance around $0.000277618484348246. This leaves Smaugs NFT with potential selling pressures ahead as it may be getting over extended.