Smaugs NFT (SMG), High Volatility and Rising Monday: Is it Time to Cash Out?

Monday, June 12, 2023 10:54 AM | InvestorsObserver Analysts

Smaugs NFT (SMG) has been relatively more volatile when compared to other cryptocurrencies. So far Monday, the Art, Collectibles and Non-Fungible Tokens has added 35.71% to $0.00004806750547.

InvestorsObserver is giving Smaugs NFT a 80 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 80, placing it in the top 20% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. SMG's high volatility reading comes 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 well positioned going forward. With support at $0.0000200485269048604 and resistance set at $0.0000657531094945389. This positions Smaugs NFT with room to run before facing selling pressures.