EventChain (EVC) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the crypto has declined 24.83% to $0.0005830139145.
Highly Volatile
InvestorsObserver gives EventChain a high volatility rank of 93, placing it in the top 7% of cryptos on the market.
The Volatility Gauge tracks meaning that one day won’t make or break its rank.
EVC’s high volatility reading pairs 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.
EventChain price is in a good position going forward. With support near $0.000381812514886155 and resistance at $0.000665726842041954. This leaves EventChain with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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