EOS (EOS) Rises 9.45%, Outperforms the Crypto Market Saturday

Saturday, September 10, 2022 09:21 AM | InvestorsObserver Analysts

EOS (EOS) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the Digital Money has increased 9.45% to $1.85.

InvestorsObserver is giving EOS a 48 Volatility Rank. Find out what this means to you and get the rest of the rankings on EOS!

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Moderately Volatile

InvestorsObserver gives EOS a moderate volatility rank of 48, placing it in the bottom 48% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. EOS's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

EOS price is trading above resistance. With support near $1.6 and resistance around $1.76. This leaves 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.