SIMP Token (SIMP) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Thursday, the crypto has added 1.54% to $0.0000002720150217.
Highly Volatile
InvestorsObserver gives SIMP Token a high volatility rank of 80, placing it in the top 20% of cryptos on the market.
The Volatility Gauge takes into account this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
SIMP’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.
SIMP Token price is favorably positioned going forward. With support set at $0.000000261267855383903 and resistance at $0.000000276841758439969. This leaves SIMP 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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