Waves (WAVES) Rises 1.29%, Underperforms the Crypto Market Saturday

Saturday, August 06, 2022 03:51 PM | InvestorsObserver Analysts

Waves (WAVES) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the crypto has gained 1.29% to $6.15.

InvestorsObserver is giving Waves a 49 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 49, placing it in the bottom 49% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. WAVES's moderate volatility reading is paired 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 good position going forward. With support around $5.73 and resistance around $6.51. 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.