Wabi (WABI), High Volatility and Rising Sunday: Is it Time to Cash Out?

Sunday, March 26, 2023 03:42 PM | InvestorsObserver Analysts

Wabi (WABI) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Sunday, the Payment Tokens has advanced 93.72% to $0.01027056649.

InvestorsObserver is giving Wabi a 78 Volatility Rank. Find out what this means to you and get the rest of the rankings on Wabi!

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Highly Volatile

InvestorsObserver gives Wabi a high volatility rank of 78, placing it in the top 22% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. WABI's high volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

Wabi price is trading near resistance. With support near $0.00235336727206314 and resistance set at $0.0105075895481249. This leaves Wabi with potential selling pressures ahead as it may be getting over extended.