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Webflix Token (WFX) Falls 0.28%, Underperforms the Crypto Market Sunday

Sunday, June 26, 2022 08:09 AM | InvestorsObserver Analysts
Webflix Token (WFX) Falls 0.28%, Underperforms the Crypto Market Sunday

Webflix Token (WFX) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Sunday, the crypto has fallen 28.39% to $0.00002898337436.

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

Highly Volatile

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

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. WFX's high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

Webflix Token price is trading above resistance. With support near $0.0000285319528098842 and resistance at $0.0000285456316101989. This positions Webflix Token out of range and potentially in a volatile position if the rally burns out.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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