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EventChain (EVC), High Volatility and Falling Monday: Is it Time to Cash Out?

Monday, June 05, 2023 01:30 PM | InvestorsObserver Analysts
EventChain (EVC), High Volatility and Falling Monday: Is it Time to Cash Out?

EventChain (EVC) has been relatively more volatile compared to the crypto market. So far Monday, the crypto has fallen 31.48% to $0.0006509643345.

volatility - 92
InvestorsObserver is giving EventChain a 92 Volatility Rank. Find out what this means to you and get the rest of the rankings on EventChain!

Highly Volatile

InvestorsObserver gives EventChain a high volatility rank of 92, placing it in the top 8% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. EVC's high volatility reading is paired 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 $0.0004434482270962 and resistance at $0.000749996428575218. This leaves EventChain with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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