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Wrapped EOS (WEOS) Rises 0.98%, Underperforms the Crypto Market Saturday

Saturday, December 09, 2023 08:16 AM | InvestorsObserver Analysts
Wrapped EOS (WEOS) Rises 0.98%, Underperforms the Crypto Market Saturday

Wrapped EOS (WEOS) has been relatively less volatile compared to the crypto market. So far Saturday, the crypto has advanced 0.98% to $4.25.

volatility - 22
InvestorsObserver is giving Wrapped EOS a 22 Volatility Rank. Find out what this means to you and get the rest of the rankings on Wrapped EOS!

Low Volatility

InvestorsObserver gives Wrapped EOS a low volatility rank of 22, placing it in the bottom 22% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. WEOS's low volatility reading comes 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.

Wrapped EOS price is trading above resistance. With support at $4.19 and resistance around $4.25. This positions Wrapped EOS 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.

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