The Content NuCypher (NU) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the crypto has declined 3.03% to $0.3424557853.
Moderately Volatile
InvestorsObserver gives NuCypher a moderate volatility rank of 26, placing it in the bottom 26% of cryptos on the market.
The Volatility Gauge follows this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
NU’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.
NuCypher price is in a favorable position going forward. With support set at $0.32792826972394 and resistance around $0.354430998186159. This leaves NuCypher with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
