EOS (EOS) has been relatively less volatile when compared to other cryptocurrencies. So far on Wednesday, digital money is down 5.95% to $3.03.
Investors It gives EOS a low volatility rating of 13, which puts it in the lowest 13% of the cryptocurrency in the market.
The volatility meter takes into account which means that one day it will not determine its own order of volatility – it will determine the trend. The low volatility reading on EOS paired with a low reading on the risk/reward scale, which means that the currency has relatively tight price swings and is well protected from price gouging.
EOS price is trading near the resistance level, as it is trading above the resistance level. With support around $2.92 and resistance at $3.03. This places EOS with potential selling pressure going forward as it may be crossed out of range and likely to be in choppy mode if the rally stops.
What is the currency?
A coin is a cryptocurrency that is on its own blockchain. These are commonly used for payments. Depending on the cryptocurrency, the use of these payments may vary from general use in the digital money sub-category to more specific uses in some other sub-category.