Enigma (ENG) Falls 0.3%, Underperforms the Crypto Market Wednesday

Wednesday, June 14, 2023 01:13 PM | InvestorsObserver Analysts

Enigma (ENG) has been relatively more volatile compared to the crypto market. So far Wednesday, the crypto has fallen 30.46% to $0.006965134096.

InvestorsObserver is giving Enigma a 89 Volatility Rank. Find out what this means to you and get the rest of the rankings on Enigma!

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Highly Volatile

InvestorsObserver gives Enigma a high volatility rank of 89, placing it in the top 11% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. ENG'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.

Enigma price is in a favorable position going forward. With support around $0.00399421774320572 and resistance set at $0.0085497062141475. This leaves Enigma with room to run before facing selling pressures.