Teloscoin (TELOS) Down 0.62% Sunday: What's Next?

Sunday, August 21, 2022 04:14 PM | InvestorsObserver Analysts

Teloscoin (TELOS) has been relatively more volatile when compared to other cryptocurrencies. So far Sunday, the crypto has declined 62.04% to $0.002382827269.

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

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Highly Volatile

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

The Volatility Gauge analyzes meaning that one day won't make or break its rank. TELOS's high volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

Teloscoin price is well positioned going forward. With support set at $-0.000270572885552457 and resistance at $0.00517686556684036. This positions Teloscoin 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.