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Spell Token (SPELL), Moderate Volatility and Falling Tuesday: Is it Time to Cash Out?

Tuesday, January 18, 2022 03:04 PM | InvestorsObserver Analysts
Spell Token (SPELL), Moderate Volatility and Falling Tuesday: Is it Time to Cash Out?

Spell Token (SPELL) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the crypto has declined 9.79% to $0.01268704412.

volatility - 58
InvestorsObserver is giving Spell Token a 58 Volatility Rank. Find out what this means to you and get the rest of the rankings on Spell Token!

Moderately Volatile

InvestorsObserver gives Spell Token a moderate volatility rank of 58, placing it in the top 42% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. SPELL's moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Spell Token price is favorably positioned going forward. With support around $0.0114508641161213 and resistance at $0.0137984908394704. This positions Spell Token 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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