SuperCoin (SUPER) Rises 95.1%, Outperforms the Crypto Market Friday

Friday, May 27, 2022 07:56 PM | InvestorsObserver Analysts

SuperCoin (SUPER) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Friday, the crypto has increased 95.1% to $0.0005723312983.

InvestorsObserver is giving SuperCoin a 81 Volatility Rank. Find out what this means to you and get the rest of the rankings on SuperCoin!

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Highly Volatile

InvestorsObserver gives SuperCoin a high volatility rank of 81, placing it in the top 19% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. SUPER's high volatility reading is paired 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.

SuperCoin price is trading above resistance. With support at $0.000185163695568547 and resistance around $0.000498997255198985. This positions SuperCoin 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.