Velas (VLX) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the crypto has added 2.95% to $0.0417536661.
InvestorsObserver is giving Velas a 15 Volatility Rank. Find out what this means to you and get the rest of the rankings on Velas!
Low Volatility
InvestorsObserver gives Velas a low volatility rank of 15, placing it in the bottom 15% of cryptos on the market.The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. VLX's low volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Velas price is trading above resistance. With support near $0.0396816654968582 and resistance set at $0.041546206818851. This positions Velas out of range and potentially in a volatile position if the rally burns out.