Home Crypto Angola (AGLA) Falls 0.15%, Underperforms the Crypto Market Monday

Angola (AGLA) Falls 0.15%, Underperforms the Crypto Market Monday

by Janine Lindsey

Angola (AGLA) is proving to be a more volatile crypto compared to the overall market. On Monday, the crypto experienced a significant drop of 15.45%, now valued at $0.03222859348.

InvestorsObserver has given Angola a Volatility Rank of 84. This high rank suggests that the token experiences wide price swings compared to other cryptocurrencies. Despite this volatility, Angola has a low reading on the Risk/Reward Gauge, indicating that it is less susceptible to price manipulation.

Currently, Angola’s price is trading near resistance levels. The support is observed at $0.0289957847533262, while resistance is seen around $0.0328183349309004. This suggests that there might be selling pressures ahead for Angola as it could be reaching an overextended state.

It’s important to note that the Volatility Gauge takes multiple factors into account, meaning that a single day’s performance alone cannot significantly impact its rank. Investors need to consider these rankings as well as other market indicators and trends before making any investment decisions.

To get a complete understanding of what the Volatility Rank means for investors and to access the rest of the rankings on Angola, investors should research further and consult with their financial advisors. Investing in cryptocurrencies comes with inherent risks, and it is crucial to assess these risks properly before making any investment decisions.

Overall, Angola’s high volatility and lower susceptibility to price manipulation showcase both the potential risks and rewards associated with investing in this cryptocurrency. As the market continues to evolve, it’s important for investors to monitor Angola’s performance and adapt their strategies accordingly.

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