Toncoin (TON) Falls 0.07%, Underperforms the Crypto Market Wednesday

Wednesday, June 29, 2022 06:25 PM | InvestorsObserver Analysts

Toncoin (TON) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the crypto has fallen 7.01% to $1.24.

InvestorsObserver is giving Toncoin a 22 Volatility Rank. Find out what this means to you and get the rest of the rankings on Toncoin!

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Low Volatility

InvestorsObserver gives Toncoin a low volatility rank of 22, placing it in the bottom 22% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. TON's low volatility reading comes 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.

Toncoin price is well positioned going forward. With support at $1.14 and resistance around $1.3. This positions Toncoin 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.