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Ormeus Coin (ORMEUS), High Volatility and Falling Monday: Is it Time to Cash Out?

Monday, August 01, 2022 08:33 AM | InvestorsObserver Analysts
Ormeus Coin (ORMEUS), High Volatility and Falling Monday: Is it Time to Cash Out?

Ormeus Coin (ORMEUS) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Monday, the Payment Tokens has lost 0.22% to $0.0005987207944.

volatility - 98
InvestorsObserver is giving Ormeus Coin a 98 Volatility Rank. Find out what this means to you and get the rest of the rankings on Ormeus Coin!

Highly Volatile

InvestorsObserver gives Ormeus Coin a high volatility rank of 98, placing it in the top 2% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. ORMEUS's high volatility reading pairs 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.

Ormeus Coin price is in a favorable position going forward. With support near $0.000588030283577383 and resistance around $0.000617205767664701. This positions Ormeus Coin 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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