Waves (WAVES) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has fallen 0.36% to $6.17.
InvestorsObserver is giving Waves a 66 Volatility Rank. Find out what this means to you and get the rest of the rankings on Waves!
Moderately Volatile
InvestorsObserver gives Waves a moderate volatility rank of 66, placing it in the top 34% of cryptos on the market.The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. WAVES's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Waves price is favorably positioned going forward. With support near $5.61 and resistance near $6.95. This positions Waves with room to run before facing selling pressures.