Solana (SOL) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Distributed Software Platform has added 6.25% to $33.22.
InvestorsObserver gives Solana a moderate volatility rank of 35, placing it in the bottom 35% of cryptos on the market.
The Volatility Gauge follows meaning that one day won’t make or break its rank.
SOL’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.
Solana price is trading above resistance. With support set at $30.58 and resistance set at $32.05. This positions Solana 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.
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