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MesChain (MES) Falls 0.57%, Underperforms the Crypto Market Wednesday

Wednesday, December 15, 2021 01:00 PM | InvestorsObserver Analysts
MesChain (MES) Falls 0.57%, Underperforms the Crypto Market Wednesday

MesChain (MES) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the crypto has declined 56.58% to $0.0004930297099.

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

Highly Volatile

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

The Volatility Gauge tracks the previous 60 days, meaning that one day won't make or break the score. MES's high volatility reading is coupled 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.

MesChain price is favorably positioned going forward. With support around $0.000105061981112215 and resistance set at $0.000839803227672803. This leaves MesChain with room to run before facing selling pressures.

What is a Token?

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

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