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IoTeX (IOTX), Moderate Volatility and Rising Friday: Is it Time to Cash Out?

Friday, January 28, 2022 06:16 AM | InvestorsObserver Analysts
IoTeX (IOTX), Moderate Volatility and Rising Friday: Is it Time to Cash Out?

IoTeX (IOTX) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Distributed Software Platform has increased 1.14% to $0.07366112254.

volatility - 32
InvestorsObserver is giving IoTeX a 32 Volatility Rank. Find out what this means to you and get the rest of the rankings on IoTeX!

Moderately Volatile

InvestorsObserver gives IoTeX a moderate volatility rank of 32, placing it in the bottom 32% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. IOTX's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

IoTeX price is in a good position going forward. With support at $0.0698989372822275 and resistance set at $0.0764594342681398. This leaves IoTeX with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.

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