Streamit Coin (STREAM) Rises 58.57%, Outperforms the Crypto Market Monday

Monday, June 20, 2022 09:07 AM | InvestorsObserver Analysts

Streamit Coin (STREAM) has been relatively more volatile compared to the crypto market. So far Monday, the Content has advanced 58.57% to $0.0006148021556.

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 which means that one day won't define its volatility rank - a trend will. STREAM'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.

Streamit Coin price is trading above resistance. With support around $0.000294289235449886 and resistance near $0.000550829256377672. This leaves Streamit Coin out of range and potentially in a volatile position if the rally burns out.

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.