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Internet of Energy Network (IOEN), High Volatility and Falling Thursday: Is it Time to Cash Out?

Thursday, January 20, 2022 07:18 PM | InvestorsObserver Analysts
Internet of Energy Network (IOEN), High Volatility and Falling Thursday: Is it Time to Cash Out?

Internet of Energy Network (IOEN) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Thursday, the crypto has lost 8.18% to $0.03747166347.

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 follows meaning that one day won't make or break its rank. IOEN's high volatility reading comes 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 at $0.0337773588274373 and resistance around $0.0386087250684155. This positions 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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