Wrapped EOS (WEOS) Rises 0.82%, Outperforms the Crypto Market Monday

Monday, November 13, 2023 02:07 PM | InvestorsObserver Analysts

Wrapped EOS (WEOS) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the crypto has increased 0.82% to $3.93.

InvestorsObserver is giving Wrapped EOS a 25 Volatility Rank. Find out what this means to you and get the rest of the rankings on Wrapped EOS!

Moderately Volatile

InvestorsObserver gives Wrapped EOS a moderate volatility rank of 25, placing it in the bottom 25% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. WEOS'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.

Wrapped EOS price is trading above resistance. With support around $3.9 and resistance around $3.9. This positions Wrapped EOS out of range and potentially in a volatile position if the rally burns out.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.

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