Polytrade (TRADE) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Monday, the crypto has dropped 1.83% to $0.3327847559.
Highly Volatile
InvestorsObserver gives Polytrade a high volatility rank of 99, placing it in the top 1% of cryptos on the market.
The Volatility Gauge follows which means that one day won’t define its volatility rank – a trend will.
TRADE’s high volatility reading pairs 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.
Polytrade price is favorably positioned going forward. With support around $0.325423858437476 and resistance set at $0.339467249188361. This leaves Polytrade with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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