StrongHands (SHND) Up 3.01% Wednesday: What's Next?

Wednesday, July 27, 2022 10:36 AM | InvestorsObserver Analysts

StrongHands (SHND) has been relatively more volatile compared to the crypto market. So far Wednesday, the Digital Money has increased 3.01% to $0.000002704860289.

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

StrongHands price is in a favorable position going forward. With support near $0.00000224925274120761 and resistance at $0.00000286003664110905. This positions StrongHands 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.