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Enigma (ENG) Falls 0.36%, Underperforms the Crypto Market Sunday

Sunday, January 30, 2022 08:39 AM | InvestorsObserver Analysts
Enigma (ENG) Falls 0.36%, Underperforms the Crypto Market Sunday

Enigma (ENG) has been relatively more volatile when compared to other cryptocurrencies. So far Sunday, the crypto has declined 35.98% to $0.02892125953.

volatility - 82
InvestorsObserver is giving Enigma a 82 Volatility Rank. Find out what this means to you and get the rest of the rankings on Enigma!

Highly Volatile

InvestorsObserver gives Enigma a high volatility rank of 82, placing it in the top 18% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. ENG's high volatility reading is coupled 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 well positioned going forward. With support set at $0.0174925829648634 and resistance near $0.0353382136106154. This leaves Enigma 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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