Everex (EVX), High Volatility and Falling Thursday: Is it Time to Cash Out?

Thursday, January 06, 2022 06:12 AM | InvestorsObserver Analysts

Everex (EVX) has been relatively more volatile when compared to other cryptocurrencies. So far Thursday, the Smart Contracts has lost 65.86% to $0.04377966936.

InvestorsObserver is giving Everex a 84 Volatility Rank. Find out what this means to you and get the rest of the rankings on Everex!

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Highly Volatile

InvestorsObserver gives Everex a high volatility rank of 84, placing it in the top 16% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. EVX'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.

Everex price is favorably positioned going forward. With support near $0.00486376419548143 and resistance around $0.0881149685371314. This leaves Everex with room to run before facing selling pressures.