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Velas (VLX) Falls 0.02%, Underperforms the Crypto Market Sunday

Sunday, March 27, 2022 09:18 AM | InvestorsObserver Analysts
Velas (VLX) Falls 0.02%, Underperforms the Crypto Market Sunday

Velas (VLX) has been relatively less volatile when compared to other cryptocurrencies. So far Sunday, the crypto has fallen 1.68% to $0.2343320207.

volatility - 12
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.

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.

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