SocialCoin (SOCC) Falls 0.46%, Underperforms the Crypto Market Monday

Monday, January 03, 2022 01:30 PM | InvestorsObserver Analysts

SocialCoin (SOCC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the crypto has declined 45.96% to $0.0004668029991.

InvestorsObserver is giving SocialCoin a 27 Volatility Rank. Find out what this means to you and get the rest of the rankings on SocialCoin!

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Moderately Volatile

InvestorsObserver gives SocialCoin a moderate volatility rank of 27, placing it in the bottom 27% 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. SOCC'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.

SocialCoin price is well positioned going forward. With support near $0.000235666052468801 and resistance around $0.000636868670846084. This positions SocialCoin 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.