Electrum Dark (ELD), High Volatility and Falling Monday: Is it Time to Cash Out?

Monday, November 21, 2022 07:20 AM | InvestorsObserver Analysts

Electrum Dark (ELD) has been relatively more volatile compared to the crypto market. So far Monday, the crypto has declined 3.73% to $0.000935416731.

InvestorsObserver is giving Electrum Dark a 99 Volatility Rank. Find out what this means to you and get the rest of the rankings on Electrum Dark!

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Highly Volatile

InvestorsObserver gives Electrum Dark a high volatility rank of 99, placing it in the top 1% 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. ELD's high volatility reading pairs 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.

Electrum Dark price is well positioned going forward. With support at $0.000893934708010678 and resistance around $0.000965865465268766. This positions Electrum Dark with room to run before facing selling pressures.