Phoenix (PHB) If 0.03%, Underperforms the Crypto Market Thursday

Phoenix (PHB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has lost 3.18% to $0.6093714606.

InvestorsObserver is giving Phoenix a 75 Volatility Rank. Find out what this means to you and get the rest of the rankings on Phoenix!

Moderately Volatile

InvestorsObserver gives Phoenix a moderate volatility rank of 75, placing it in the top 25% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility. PHB’s moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Phoenix price is in a favorable position going forward. With support at $0.557265216403454 and resistance around $0.638124937110393. This leaves Phoenix with room to run before facing selling pressures.

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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