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Internet of Energy Network (IOEN) Falls 0.03%, Underperforms the Crypto Market Tuesday

Tuesday, January 25, 2022 07:22 PM | InvestorsObserver Analysts
Internet of Energy Network (IOEN) Falls 0.03%, Underperforms the Crypto Market Tuesday

Internet of Energy Network (IOEN) has been relatively more volatile compared to the crypto market. So far Tuesday, the crypto has lost 2.92% to $0.0288575889.

volatility - 99
InvestorsObserver is giving Internet of Energy Network a 99 Volatility Rank. Find out what this means to you and get the rest of the rankings on Internet of Energy Network!

Highly Volatile

InvestorsObserver gives Internet of Energy Network a high volatility rank of 99, placing it in the top 1% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. IOEN'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.

Internet of Energy Network price is trading near resistance. With support around $0.026775770894424 and resistance at $0.0295414897419372. This leaves Internet of Energy Network with potential selling pressures ahead as it may be getting over extended.

What is a Token?

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

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