EventChain (EVC) Falls 0.28%, Underperforms the Crypto Market Friday

Friday, December 09, 2022 08:00 PM | InvestorsObserver Analysts

EventChain (EVC) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Friday, the crypto has dropped 27.95% to $0.0008098098965.

InvestorsObserver is giving EventChain a 89 Volatility Rank. Find out what this means to you and get the rest of the rankings on EventChain!

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Highly Volatile

InvestorsObserver gives EventChain a high volatility rank of 89, placing it in the top 11% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. EVC's high volatility reading pairs 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.

EventChain price is favorably positioned going forward. With support set at $0.00053089930200451 and resistance at $0.000932411206788057. This leaves EventChain with room to run before facing selling pressures.