WeOwn (CHX) Falls 0.4%, Underperforms the Crypto Market Wednesday

Wednesday, December 22, 2021 11:23 PM | InvestorsObserver Analysts

WeOwn (CHX) has been relatively more volatile compared to the crypto market. So far Wednesday, the crypto has lost 40.06% to $0.01188137075.

InvestorsObserver is giving WeOwn a 93 Volatility Rank. Find out what this means to you and get the rest of the rankings on WeOwn!

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Highly Volatile

InvestorsObserver gives WeOwn a high volatility rank of 93, placing it in the top 7% of cryptos on the market.

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

WeOwn price is in a favorable position going forward. With support near $0.00664045969309533 and resistance at $0.0150972290924403. This leaves WeOwn 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.