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Elamachain (ELAMA) Rises 108.26%, Outperforms the Crypto Market Friday

Friday, May 13, 2022 06:31 PM | InvestorsObserver Analysts
Elamachain (ELAMA) Rises 108.26%, Outperforms the Crypto Market Friday

Elamachain (ELAMA) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Friday, the crypto has added 108.26% to $0.0005859320811.

volatility - 88
InvestorsObserver is giving Elamachain a 88 Volatility Rank. Find out what this means to you and get the rest of the rankings on Elamachain!

Highly Volatile

InvestorsObserver gives Elamachain a high volatility rank of 88, placing it in the top 12% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. ELAMA's high volatility reading is coupled 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.

Elamachain price is trading near resistance. With support set at $0.000119152106801644 and resistance at $0.000605714280848056. This positions Elamachain 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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