Unifty (NIF) Down 0% Tuesday: What's Next?

Tuesday, May 16, 2023 01:23 PM | InvestorsObserver Analysts

Unifty (NIF) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the Art, Collectibles and Non-Fungible Tokens has dropped 0.07% to $0.6155704496.

InvestorsObserver is giving Unifty a 2 Volatility Rank. Find out what this means to you and get the rest of the rankings on Unifty!

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Low Volatility

InvestorsObserver gives Unifty a low volatility rank of 2, placing it in the bottom 2% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won't make or break its rank. NIF's low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.

Unifty price is in a good position going forward. With support around $0.614690171164684 and resistance at $0.616042183322124. This positions Unifty with room to run before facing selling pressures.