Veles (VLS), High Volatility and Falling Monday: Is it Time to Cash Out?

Monday, February 07, 2022 06:37 AM | InvestorsObserver Analysts

Veles (VLS) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Monday, the crypto has lost 73.42% to $0.01281070556.

InvestorsObserver is giving Veles a 80 Volatility Rank. Find out what this means to you and get the rest of the rankings on Veles!

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Highly Volatile

InvestorsObserver gives Veles a high volatility rank of 80, placing it in the top 20% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. VLS's high volatility reading is coupled 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.

Veles price is trading near support. With support set at $0.00971653946428239 and resistance near $0.0271792847731584. This leaves Veles space to rally before hitting resistance.

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.