Solana (SOL) Falls 0%, Underperforms the Crypto Market Sunday

Sunday, April 10, 2022 09:04 AM | InvestorsObserver Analysts

Solana (SOL) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Distributed Software Platform has lost 0.04% to $111.08.

InvestorsObserver is giving Solana a 35 Volatility Rank. Find out what this means to you and get the rest of the rankings on Solana!

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Moderately Volatile

InvestorsObserver gives Solana a moderate volatility rank of 35, placing it in the bottom 35% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. SOL'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.

Solana price is well positioned going forward. With support at $108.74 and resistance at $113.22. This positions Solana 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.