Elrond (EGLD) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has lost 6.44% to $199.11.
InvestorsObserver is giving Elrond a 25 Volatility Rank. Find out what this means to you and get the rest of the rankings on Elrond!
Moderately Volatile
InvestorsObserver gives Elrond a moderate volatility rank of 25, placing it in the bottom 25% of cryptos on the market.The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. EGLD's moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Elrond price is trading near resistance. With support near $187.37 and resistance near $201.04. This positions Elrond with potential selling pressures ahead as it may be getting over extended.