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Energycoin (ENRG) Rises 103.47%, Outperforms the Crypto Market Saturday

Saturday, May 07, 2022 05:59 PM | InvestorsObserver Analysts
Energycoin (ENRG) Rises 103.47%, Outperforms the Crypto Market Saturday

Energycoin (ENRG) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the crypto has increased 103.47% to $0.001024022995.

volatility - 63
InvestorsObserver is giving Energycoin a 63 Volatility Rank. Find out what this means to you and get the rest of the rankings on Energycoin!

Moderately Volatile

InvestorsObserver gives Energycoin a moderate volatility rank of 63, placing it in the top 37% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. ENRG's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Energycoin price is trading above resistance. With support near $0.000316786681737249 and resistance near $0.000875939484189694. This positions Energycoin out of range and potentially in a volatile position if the rally burns out.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.

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