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Very Bullish-Rated Komodo (KMD) Rises Thursday to $1.3

Thursday, December 02, 2021 12:30 PM | InvestorsObserver Analysts
Very Bullish-Rated Komodo (KMD) Rises Thursday to $1.3

Komodo (KMD) gets a very bullish rating from InvestorsObserver Thursday. The coin is up 31.1% to $1.3 while the broader crypto market is down 2.57%.

Sentiment Score - ,
Komodo has a Very Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Komodo!

Very Bullish

Over the last five days, Komodo has earned a Very Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Komodo over the past five days by volume and price movement. The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Komodo price is currently above resistance. With support set around $0.948207671377076 and resistance at $1.03, Komodo is potentially in a volatile position if the rally burns out. Komodo has traded on low volume recently. This means that today's volume is below its average volume over the past seven days. Komodo has maintained a low reading on the InvestorsObserver Volatility Rank as it has faced low volatility relative to the crypto market during the past 60 days.

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 use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes. Due to a lack of data, this crypto may be less suitable for some investors. Click here to unlock the rest of the report on Komodo

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