Waves (WAVES) Down 0.06% Wednesday: What's Next?

Wednesday, June 28, 2023 06:51 AM | InvestorsObserver Analysts

Waves (WAVES) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the crypto has lost 5.55% to $2.01.

InvestorsObserver is giving Waves a 42 Volatility Rank. Find out what this means to you and get the rest of the rankings on Waves!

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Moderately Volatile

InvestorsObserver gives Waves a moderate volatility rank of 42, placing it in the bottom 42% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. WAVES's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Waves price is in a favorable position going forward. With support at $1.89 and resistance at $2.06. This positions Waves 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.