Toncoin (TON), Low Volatility but Rising Sunday: Is it Time to Cash Out?

Sunday, May 14, 2023 08:53 AM | InvestorsObserver Analysts

Toncoin (TON) has been relatively less volatile when compared to other cryptocurrencies. So far Sunday, the crypto has gained 4.37% to $1.94.

InvestorsObserver is giving Toncoin a 16 Volatility Rank. Find out what this means to you and get the rest of the rankings on Toncoin!

See Full Report

Low Volatility

InvestorsObserver gives Toncoin a low volatility rank of 16, placing it in the bottom 16% of cryptos on the market.

The Volatility Gauge follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. TON's low volatility reading is coupled 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 trading above resistance. With support at $1.84 and resistance set at $1.88. This positions Toncoin 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.