StakeCubeCoin (SCC), High Volatility and Falling Thursday: Is it Time to Cash Out?

Thursday, March 28, 2024 12:19 PM | InvestorsObserver Analysts

StakeCubeCoin (SCC) has been relatively more volatile compared to the crypto market. So far Thursday, the crypto has fallen 2.34% to $0.03100858005.

InvestorsObserver is giving StakeCubeCoin a 99 Volatility Rank. Find out what this means to you and get the rest of the rankings on StakeCubeCoin!

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Highly Volatile

InvestorsObserver gives StakeCubeCoin a high volatility rank of 99, placing it in the top 1% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. SCC's high volatility reading is coupled 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.

StakeCubeCoin price is well positioned going forward. With support around $0.0282649445520062 and resistance around $0.0328761442737002. This leaves StakeCubeCoin 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.