Velas (VLX) has been relatively less volatile when compared to other cryptocurrencies. So far Sunday, the crypto has fallen 1.68% to $0.2343320207.
InvestorsObserver is giving Velas a 12 Volatility Rank. Find out what this means to you and get the rest of the rankings on Velas!
Low Volatility
InvestorsObserver gives Velas a low volatility rank of 12, placing it in the bottom 12% of cryptos on the market.The Volatility Gauge follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. VLX's low volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Velas price is in a favorable position going forward. With support near $0.22757762291947 and resistance set at $0.236889939694792. This leaves Velas with room to run before facing selling pressures.