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ITO Utility Token (IUT) Rises 2.39%, Outperforms the Crypto Market Friday

Friday, December 03, 2021 07:18 AM | InvestorsObserver Analysts
ITO Utility Token (IUT) Rises 2.39%, Outperforms the Crypto Market Friday

ITO Utility Token (IUT) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the crypto has added 2.39% to $0.001480853146, reaching a five-day high.

volatility - 21
InvestorsObserver is giving ITO Utility Token a 21 Volatility Rank. Find out what this means to you and get the rest of the rankings on ITO Utility Token!

Low Volatility

InvestorsObserver gives ITO Utility Token a low volatility rank of 21, placing it in the bottom 21% of cryptos on the market. The Volatility Gauge tracks the previous 60 days, meaning that one day won't make or break the score. IUT's low volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation. ITO Utility Token price is trading above resistance. With support around $0.00141796138170651 and resistance set at $0.00147793343323759. This leaves ITO Utility Token out of range and potentially in a volatile position if the rally burns out.

What is a Token?

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

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