Viacoin (VIA) Rises 0.43%, Underperforms the Crypto Market Tuesday

Tuesday, August 02, 2022 05:58 PM | InvestorsObserver Analysts

Viacoin (VIA) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the crypto has gained 0.43% to $0.1891133432.

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 tracks meaning that one day won't make or break its rank. VIA's high volatility reading is paired 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 well positioned going forward. With support around $0.10043843787672 and resistance near $0.234035424408931. 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.