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Elementeum (ELET) Falls 0.52%, Underperforms the Crypto Market Sunday

Sunday, March 06, 2022 07:47 PM | InvestorsObserver Analysts
Elementeum (ELET) Falls 0.52%, Underperforms the Crypto Market Sunday

Elementeum (ELET) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Sunday, the crypto has lost 51.59% to $0.003901810586.

volatility - 93
InvestorsObserver is giving Elementeum a 93 Volatility Rank. Find out what this means to you and get the rest of the rankings on Elementeum!

Highly Volatile

InvestorsObserver gives Elementeum a high volatility rank of 93, placing it in the top 7% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won't make or break its rank. ELET's high volatility reading comes 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.

Elementeum price is well positioned going forward. With support around $0.0013275278608056 and resistance around $0.00594828714306673. This positions Elementeum with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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