According to a recent market analysis, Solana (SOL) was relatively less volatile than the crypto market. So far, the Distributed Software Platform has lost 8.11% to $ 170.3 on Monday.
InvestorsObserver gives Solana a 17 volatility rank. Find out what that means for you and get the rest of the rankings on Solana!
Low volatility
InvestorsObserver gives Solana a rank of 17 with low volatility, placing it in the bottom 17% of cryptos on the market.
The volatility meter follows, which means that one day it won’t determine its volatility rank – a trend will. The low volatility of SOL is paired with a low value on the risk / reward indicator, which means that the coin has relatively narrow price fluctuations and is well protected from price manipulation.
The Solana price is trading near the resistance. With support near $ 161.1 and resistance at $ 171.61. This positions Solana in front of it with potential selling pressure as it may be taking too long.
What is a coin
A coin is a cryptocurrency that exists on its own blockchain. these are usually used for payments. Depending on the cryptocurrency, the intended use of these payments can vary from general use in the “digital money” subclass to more specific uses in a few other subclasses.
Comments are closed.