Marinade (MNDE) Falls 0.07%, Underperforms the Crypto Market Tuesday

Marinade (MNDE) Falls 0.07%, Underperforms the Crypto Market Tuesday

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Tuesday, August 29, 2023 03:04 PM | InvestorsObserver Analysts

Marinade (MNDE) Falls 0.07%, Underperforms the Crypto Market Tuesday

Marinade (MNDE) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Art, Collectibles and Non-Fungible Tokens has lost 7.02% to $0.04766803137.

volatility - 64
InvestorsObserver is giving Marinade a 64 Volatility Rank. Find out what this means to you and get the rest of the rankings on Marinade!

Moderately Volatile

InvestorsObserver gives Marinade a moderate volatility rank of 64, placing it in the top 36% 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.

MNDE’s moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Marinade price is favorably positioned going forward. With support set at $0.0397838941399592 and resistance at $0.0513021452908057. This positions Marinade 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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