Veil (VEIL) Up 106.14% Thursday: What's Next?

Thursday, March 28, 2024 05:15 PM | InvestorsObserver Analysts

Veil (VEIL) has been relatively more volatile compared to the crypto market. So far Thursday, the crypto has advanced 106.14% to $0.005466517161.

InvestorsObserver is giving Veil a 88 Volatility Rank. Find out what this means to you and get the rest of the rankings on Veil!

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Highly Volatile

InvestorsObserver gives Veil a high volatility rank of 88, placing it in the top 12% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. VEIL's high volatility reading is paired 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.

Veil price is trading near resistance. With support near $0.000817251954922927 and resistance at $0.0063207960731783. This positions Veil with potential selling pressures ahead as it may be getting over extended.

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.