EOS (EOS) Falls 0.04%, Underperforms the Crypto Market Monday

Monday, June 05, 2023 12:05 PM | InvestorsObserver Analysts

EOS (EOS) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Monday, the Digital Money has lost 4.22% to $0.8779305009.

InvestorsObserver is giving EOS a 21 Volatility Rank. Find out what this means to you and get the rest of the rankings on EOS!

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Low Volatility

InvestorsObserver gives EOS a low volatility rank of 21, placing it in the bottom 21% of cryptos on the market.

The Volatility Gauge analyzes meaning that one day won't make or break its rank. EOS's low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

EOS price is trading above resistance. With support at $0.857664265435914 and resistance near $0.876391925615052. This positions EOS 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.