SonoCoin (SONO) has been relatively more volatile compared to the crypto market. So far Wednesday, the crypto has gained 57.75% to $0.03142755941.
InvestorsObserver is giving SonoCoin a 91 Volatility Rank. Find out what this means to you and get the rest of the rankings on SonoCoin!
Highly Volatile
InvestorsObserver gives SonoCoin a high volatility rank of 91, placing it in the top 9% of cryptos on the market.The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. SONO's high volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.
SonoCoin price is trading near resistance. With support set at $0.0133345276234854 and resistance around $0.0328698549537171. This positions SonoCoin with potential selling pressures ahead as it may be getting over extended.