PLANET (PLA) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Monday, the crypto has advanced 17.41% to $0.002935989818.
Highly Volatile
InvestorsObserver gives PLANET a high volatility rank of 99, placing it in the top 1% of cryptos on the market.
The Volatility Gauge analyzes this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
PLA’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.
PLANET price is favorably positioned going forward. With support at $0.00211033451123814 and resistance around $0.00328093294738511. This leaves PLANET 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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