SpaceChain (SPC), High Volatility and Rising Monday: Is it Time to Cash Out?

Monday, January 16, 2023 10:44 AM | InvestorsObserver Analysts

SpaceChain (SPC) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Monday, the crypto has advanced 5.64% to $0.006135848875.

InvestorsObserver is giving SpaceChain a 98 Volatility Rank. Find out what this means to you and get the rest of the rankings on SpaceChain!

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Highly Volatile

InvestorsObserver gives SpaceChain a high volatility rank of 98, placing it in the top 2% of cryptos on the market.

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

SpaceChain price is trading above resistance. With support around $0.00571404288667714 and resistance around $0.00590786787826096. This positions SpaceChain out of range and potentially in a volatile position if the rally burns out.