Streamit Coin (STREAM) Falls 0.34%, Underperforms the Crypto Market Wednesday

Wednesday, July 13, 2022 02:12 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 Wednesday, the Content has dropped 33.6% to $0.0003947476235.

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 takes into account this makes its score defined by recent trends, rather than a bad day. STREAM'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.

Streamit Coin price is favorably positioned going forward. With support set at $0.000254850413000884 and resistance set at $0.00046869624969803. 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.