High-Low Range

Understand crypto terminology related to Historical Price NFTs. Gain insights into key terms and concepts that define this unique digital asset market.

High-Low Range refers to the difference between the highest and lowest prices of a cryptocurrency over a specific period. This metric helps traders and investors assess market volatility and price movements.The high price represents the peak value reached, while the low price indicates the lowest point. By analyzing this range, one can gauge how much a cryptocurrency’s price fluctuates, which is crucial for making informed trading decisions.For example, if a coin trades between $50 (high) and $30 (low) over a week, the High-Low Range is $20. This range can signal opportunities for buying low and selling high, but can also indicate risks. A wider range might suggest more volatility, potentially leading to higher rewards or losses.Traders often use this information alongside other indicators to develop strategies, manage risks, and identify potential entry and exit points in the market. Understanding the High-Low Range can thus serve as an essential tool in navigating investment choices.

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