StrongHands (SHND), High Volatility and Falling Tuesday: Is it Time to Cash Out?

Tuesday, March 21, 2023 09:41 AM | InvestorsObserver Analysts

StrongHands (SHND) has been relatively more volatile compared to the crypto market. So far Tuesday, the Digital Money has lost 27.08% to $0.000004088139139.

InvestorsObserver is giving StrongHands a 98 Volatility Rank. Find out what this means to you and get the rest of the rankings on StrongHands!

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Highly Volatile

InvestorsObserver gives StrongHands a high volatility rank of 98, placing it in the top 2% 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. SHND'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.

StrongHands price is trading above resistance. With support at $0.00000400401252466858 and resistance at $0.00000402224334596562. This positions StrongHands 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.