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EOS (EOS) Rises 2.91%, Underperforms the Crypto Market Thursday

Thursday, December 16, 2021 10:02 AM | InvestorsObserver Analysts
EOS (EOS) Rises 2.91%, Underperforms the Crypto Market Thursday

EOS (EOS) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the Digital Money has increased 2.91% to $3.33.

volatility - 13
InvestorsObserver is giving EOS a 13 Volatility Rank. Find out what this means to you and get the rest of the rankings on EOS!

Low Volatility

InvestorsObserver gives EOS a low volatility rank of 13, placing it in the bottom 13% of cryptos on the market.

The Volatility Gauge tracks the previous 60 days, meaning that one day won't make or break the score. EOS's low volatility reading pairs 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 favorably positioned going forward. With support around $3.1 and resistance set at $3.42. This leaves EOS with room to run before facing selling pressures.

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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