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Elemon (ELMON) Rises 48.49%, Outperforms the Crypto Market Tuesday

Tuesday, April 26, 2022 08:08 AM | InvestorsObserver Analysts
Elemon (ELMON) Rises 48.49%, Outperforms the Crypto Market Tuesday

Elemon (ELMON) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the crypto has increased 48.49% to $0.08537236218.

volatility - 61
InvestorsObserver is giving Elemon a 61 Volatility Rank. Find out what this means to you and get the rest of the rankings on Elemon!

Moderately Volatile

InvestorsObserver gives Elemon a moderate volatility rank of 61, placing it in the top 39% 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. ELMON's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Elemon price is trading above resistance. With support around $0.0536448052016696 and resistance at $0.0634340708939036. This positions Elemon out of range and potentially in a volatile position if the rally burns out.

What is a Token?

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

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