Viacoin (VIA) Down 0.01% Sunday: What's Next?

Sunday, August 07, 2022 06:42 PM | InvestorsObserver Analysts

Viacoin (VIA) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Sunday, the crypto has fallen 1.26% to $0.07023870553.

InvestorsObserver is giving Viacoin a 98 Volatility Rank. Find out what this means to you and get the rest of the rankings on Viacoin!

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Highly Volatile

InvestorsObserver gives Viacoin a high volatility rank of 98, placing it in the top 2% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. VIA'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.

Viacoin price is in a good position going forward. With support around $0.025617524010363 and resistance near $0.152311480564299. This leaves Viacoin 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.