Rainbow Token (RAINBOW) has been relatively more volatile when compared to other cryptocurrencies. So far Friday, the crypto has lost 23.93% to $0.0000000008228301805.
Highly Volatile
InvestorsObserver gives Rainbow Token a high volatility rank of 81, placing it in the top 19% of cryptos on the market.
The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day.
RAINBOW’s high volatility reading comes 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.
Rainbow Token price is well positioned going forward. With support set at $0.000000000568616394367628 and resistance at $0.000000000985128718997875. This leaves Rainbow Token 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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