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

Wednesday, June 08, 2022 03:47 PM | InvestorsObserver Analysts

UCA Coin (UCA) has been relatively more volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has dropped 0.35% to $0.0002868247239.

InvestorsObserver is giving UCA Coin a 89 Volatility Rank. Find out what this means to you and get the rest of the rankings on UCA Coin!

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Highly Volatile

InvestorsObserver gives UCA Coin a high volatility rank of 89, placing it in the top 11% of cryptos on the market.

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

UCA Coin price is in a good position going forward. With support set at $0.000269274023516657 and resistance set at $0.000295108940840321. This positions UCA 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.