NIL Coin (NIL) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the crypto has declined 18.11% to $0.00002861292576.
Highly Volatile
InvestorsObserver gives NIL Coin a high volatility rank of 99, placing it in the top 1% of cryptos on the market.
The Volatility Gauge follows meaning that one day won’t make or break its rank.
NIL’s high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.
NIL Coin price is well positioned going forward. With support around $-0.153674018523402 and resistance around $0.307418557422766. This leaves NIL Coin with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
