Enigma (ENG) has been relatively more volatile compared to the crypto market. So far Tuesday, the crypto has lost 26.07% to $0.02736382698.
Highly Volatile
InvestorsObserver gives Enigma a high volatility rank of 87, placing it in the top 13% of cryptos on the market.
The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day.
ENG’s high volatility reading is paired 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.
Enigma price is favorably positioned going forward. With support near $0.0200570488467148 and resistance at $0.0306591561182669. This leaves Enigma 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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