LanaCoin (WOOL) has been relatively more volatile than the crypto market according to recent market analysis. So far on Sunday, the cryptocurrency is up 98.26% to $0.0005520483103.
highly volatile
InvestorsObserver gives LanaCoin a high volatility range of 93, putting it in the top 7% of cryptocurrencies on the market.
The volatility indicator follows, which means that a day will not define your volatility range, it will be a trend. LANA's high volatility reading is combined with a low reading on the risk/reward indicator, which means that the coin has relatively wide price fluctuations and is well protected against price manipulation.
LanaCoin price is trading above resistance. With support around $0.000185322088895944 and resistance near $0.000464422118625251. This puts LanaCoin out of range and potentially in a volatile position if the rally peters out.
What is a coin?
A coin is a cryptocurrency that exists on its own blockchain. these are normally used for payments. Depending on the cryptocurrency, the use of these payments can vary from general use in the digital money subclass to more specific uses in some other subclasses.
