Woodcoin (LOG) Rises 65.01%, Outperforms the Crypto Market Saturday

Saturday, February 05, 2022 12:38 PM | InvestorsObserver Analysts

Woodcoin (LOG) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the crypto has increased 65.01% to $0.712436779.

InvestorsObserver is giving Woodcoin a 39 Volatility Rank. Find out what this means to you and get the rest of the rankings on Woodcoin!

See Full Report

Moderately Volatile

InvestorsObserver gives Woodcoin a moderate volatility rank of 39, placing it in the bottom 39% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. LOG's moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Woodcoin price is trading above resistance. With support around $0.31866936165582 and resistance at $0.604841155593503. This leaves Woodcoin out of range and potentially in a volatile position if the rally burns out.

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.