Ormeus Coin (ORMEUS) Falls 0.02%, Underperforms the Crypto Market Wednesday

Wednesday, April 05, 2023 03:09 PM | InvestorsObserver Analysts

Ormeus Coin (ORMEUS) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the Payment Tokens has fallen 2.05% to $0.0008806436139.

InvestorsObserver is giving Ormeus Coin a 97 Volatility Rank. Find out what this means to you and get the rest of the rankings on Ormeus Coin!

Highly Volatile

InvestorsObserver gives Ormeus Coin a high volatility rank of 97, placing it in the top 3% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. ORMEUS's high volatility reading is paired 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.

Ormeus Coin price is trading near resistance. With support set at $0.000860981816073476 and resistance set at $0.00088224216422212. This positions Ormeus Coin 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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