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.
Highly VolatileInvestorsObserver 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.