VINchain (VIN), Moderate Volatility and Rising Friday: Is it Time to Cash Out?

Friday, January 21, 2022 10:09 AM | InvestorsObserver Analysts

VINchain (VIN) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has advanced 36.1% to $0.005226824474.

InvestorsObserver is giving VINchain a 72 Volatility Rank. Find out what this means to you and get the rest of the rankings on VINchain!

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Moderately Volatile

InvestorsObserver gives VINchain a moderate volatility rank of 72, placing it in the top 28% of cryptos on the market.

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

VINchain price is trading near resistance. With support around $0.0029362048748303 and resistance near $0.0053945355843175. This leaves VINchain with potential selling pressures ahead as it may be getting over extended.

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.