Waves (WAVES) Rises 2.96%, Outperforms the Crypto Market Wednesday

Wednesday, April 27, 2022 04:18 PM | InvestorsObserver Analysts

Waves (WAVES) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the crypto has increased 2.96% to $15.74.

InvestorsObserver is giving Waves a 62 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 62, placing it in the top 38% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won't make or break its rank. 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 well positioned going forward. With support around $14.44 and resistance at $16.86. This leaves 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.