Theta Network (THETA) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Decentralized Finance has increased 5.01% to $4.17.
Moderately Volatile
InvestorsObserver gives Theta Network a moderate volatility rank of 42, placing it in the bottom 42% 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.
THETA’s moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Theta Network price is trading near resistance. With support set at $3.79 and resistance around $4.26. This leaves Theta Network with potential selling pressures ahead as it may be getting over extended.
What is a Coin?
A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.
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