EventChain (EVC) Rises 37.42%, Outperforms the Crypto Market Tuesday

Tuesday, May 02, 2023 02:07 PM | InvestorsObserver Analysts

EventChain (EVC) has been relatively more volatile when compared to other cryptocurrencies. So far Tuesday, the crypto has gained 37.42% to $0.0009856220274.

InvestorsObserver is giving EventChain a 93 Volatility Rank. Find out what this means to you and get the rest of the rankings on EventChain!

Highly Volatile

InvestorsObserver gives EventChain a high volatility rank of 93, placing it in the top 7% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. EVC's high volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

EventChain price is trading above resistance. With support set at $0.00056336944692014 and resistance near $0.0009160153218749. This leaves EventChain out of range and potentially in a volatile position if the rally burns out.

What is a Token?

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

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