Edgecoin (EDGT) Falls 0%, Underperforms the Crypto Market Saturday

Saturday, June 03, 2023 11:41 AM | InvestorsObserver Analysts

Edgecoin (EDGT) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the crypto has lost 0.03% to $1.

InvestorsObserver is giving Edgecoin a 2 Volatility Rank. Find out what this means to you and get the rest of the rankings on Edgecoin!

Low Volatility

InvestorsObserver gives Edgecoin a low volatility rank of 2, placing it in the bottom 2% 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. EDGT's low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.

Edgecoin price is trading near resistance. With support near $0.998992019681 and resistance at $1. This positions Edgecoin with potential selling pressures ahead as it may be getting over extended.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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