Streamit Coin (STREAM) Falls 0.3%, Underperforms the Crypto Market Thursday

Thursday, July 07, 2022 07:50 PM | InvestorsObserver Analysts

Streamit Coin (STREAM) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Content has lost 29.73% to $0.0004333078784.

InvestorsObserver is giving Streamit Coin a 94 Volatility Rank. Find out what this means to you and get the rest of the rankings on Streamit Coin!

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Highly Volatile

InvestorsObserver gives Streamit Coin a high volatility rank of 94, placing it in the top 6% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. STREAM's high volatility reading comes 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.

Streamit Coin price is in a good position going forward. With support around $0.000281432118756458 and resistance near $0.000502224341291696. This positions Streamit Coin 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.