TNC Coin (TNC), High Volatility and Falling Sunday: Is it Time to Cash Out?

Sunday, May 22, 2022 06:30 AM | InvestorsObserver Analysts

TNC Coin (TNC) has been relatively more volatile when compared to other cryptocurrencies. So far Sunday, the crypto has dropped 72.95% to $0.0008262821525.

InvestorsObserver is giving TNC Coin a 93 Volatility Rank. Find out what this means to you and get the rest of the rankings on TNC Coin!

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Highly Volatile

InvestorsObserver gives TNC Coin a high volatility rank of 93, placing it in the top 7% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. TNC'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.

TNC Coin price is well positioned going forward. With support set at $-0.000507521447830275 and resistance near $0.00276757525968142. This positions TNC Coin 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.