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UniMex Network (UMX) Falls 0.86%, Underperforms the Crypto Market Sunday

Sunday, August 14, 2022 08:07 AM | InvestorsObserver Analysts
UniMex Network (UMX) Falls 0.86%, Underperforms the Crypto Market Sunday

UniMex Network (UMX) has been relatively more volatile when compared to other cryptocurrencies. So far Sunday, the crypto has lost 86.24% to $0.05840696841.

volatility - 97
InvestorsObserver is giving UniMex Network a 97 Volatility Rank. Find out what this means to you and get the rest of the rankings on UniMex Network!

Highly Volatile

InvestorsObserver gives UniMex Network a high volatility rank of 97, placing it in the top 3% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. UMX's high volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

UniMex Network price is favorably positioned going forward. With support at $-0.0826738372018239 and resistance around $0.285105801416407. This leaves UniMex Network with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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