Trexcoin (TREX) Rises 12.51%, Underperforms the Crypto Market Saturday

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Saturday, September 9, 2023 09:33 | Analysts Observers Investors

Trexcoin (T. REX) has been relatively more volatile compared to other cryptocurrencies. So far on Saturday, the cryptocurrency has gained 12.51% to $0.1013479216.

volatility - 93
InvestorsObserver is giving Trexcoin a 93 volatility rank. Find out what this means for you and get the rest of the rankings on Trexcoin!

Highly volatile

InvestorsObserver gives Trexcoin a high volatility rank of 93, putting it in the top 7% of cryptocurrencies on the market.

The volatility indicator takes into account this meaning that the ranking represents your recent trends and is not overly influenced by a sudden spike (or two) in volatility. TREX's high volatility reading is combined with a low reading on the risk/reward indicator, meaning the coin has relatively wide price swings and is well protected against price manipulation.

Trexcoin price is trading above the resistance. With support near USD 0.078942817117843 and resistance at USD 0.0957078751584619. This leaves Trexcoin 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 those payments can vary from general use in the Digital Money subclass to more specific uses in some other subclasses.

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