Velas (VLX), Low Volatility but Rising Thursday: Is it Time to Cash Out?

Thursday, August 11, 2022 04:32 PM | InvestorsObserver Analysts

Velas (VLX) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the crypto has added 2.95% to $0.0417536661.

InvestorsObserver is giving Velas a 15 Volatility Rank. Find out what this means to you and get the rest of the rankings on Velas!

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Low Volatility

InvestorsObserver gives Velas a low volatility rank of 15, placing it in the bottom 15% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. VLX's low volatility reading is coupled 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 trading above resistance. With support near $0.0396816654968582 and resistance set at $0.041546206818851. This positions Velas out of range and potentially in a volatile position if the rally burns out.

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.