Viacoin (VIA) Falls 0.67%, Underperforms the Crypto Market Wednesday

Wednesday, July 13, 2022 10:38 AM | InvestorsObserver Analysts

Viacoin (VIA) has been relatively more volatile compared to the crypto market. So far Wednesday, the crypto has declined 66.88% to $0.07786806721.

InvestorsObserver is giving Viacoin a 97 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 97, placing it in the top 3% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. VIA's high volatility reading comes 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 at $0.0033490892278627 and resistance near $0.163743981324382. This positions 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.