Stipend (SPD) Falls 0%, Underperforms the Crypto Market Thursday

Thursday, October 06, 2022 02:20 PM | InvestorsObserver Analysts

Stipend (SPD) has been relatively more volatile when compared to other cryptocurrencies. So far Thursday, the crypto has dropped 0.32% to $0.001547059436.

InvestorsObserver is giving Stipend a 80 Volatility Rank. Find out what this means to you and get the rest of the rankings on Stipend!

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Highly Volatile

InvestorsObserver gives Stipend a high volatility rank of 80, placing it in the top 20% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. SPD's high volatility reading is paired 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.

Stipend price is in a good position going forward. With support near $0.00152256621250618 and resistance set at $0.0015640758417334. This positions Stipend 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.