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

Wednesday, January 19, 2022 11:02 AM | InvestorsObserver Analysts
EventChain (EVC), High Volatility and Rising Wednesday: Is it Time to Cash Out?

EventChain (EVC) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the crypto has increased 48.92% to $0.003445051359.

volatility - 83
InvestorsObserver is giving EventChain a 83 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 83, placing it in the top 17% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. EVC's high volatility reading is coupled 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 well positioned going forward. With support around $0.00129409118700546 and resistance set at $0.00434054767858011. This positions 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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