Etho Protocol (ETHO), High Volatility and Rising Sunday: Is it Time to Cash Out?

Sunday, September 24, 2023 01:28 PM | InvestorsObserver Analysts

Etho Protocol (ETHO) has been relatively more volatile compared to the crypto market. So far Sunday, the Distributed Software Platform has gained 14.98% to $0.001449209613.

InvestorsObserver is giving Etho Protocol a 87 Volatility Rank. Find out what this means to you and get the rest of the rankings on Etho Protocol!

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Highly Volatile

InvestorsObserver gives Etho Protocol a high volatility rank of 87, placing it in the top 13% of cryptos on the market.

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

Etho Protocol price is trading near resistance. With support around $0.00107541231782834 and resistance set at $0.00152317090769957. This leaves Etho Protocol with potential selling pressures ahead as it may be getting over extended.

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.