TagCoin (TAG) Rises 3.73%, Underperforms the Crypto Market Sunday

Sunday, May 15, 2022 11:36 AM | InvestorsObserver Analysts

TagCoin (TAG) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Sunday, the crypto has advanced 3.73% to $0.02125789881.

InvestorsObserver is giving TagCoin a 12 Volatility Rank. Find out what this means to you and get the rest of the rankings on TagCoin!

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Low Volatility

InvestorsObserver gives TagCoin a low volatility rank of 12, placing it in the bottom 12% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. TAG's low volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

TagCoin price is trading above resistance. With support set at $0.0201027418339358 and resistance around $0.0211605659538613. This positions TagCoin 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.