Dev Protocol (DEV) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Thursday, the crypto has declined 0.37% to $0.2846966608.
Highly Volatile
InvestorsObserver gives Dev Protocol a high volatility rank of 99, placing it in the top 1% of cryptos on the market.
The Volatility Gauge analyzes this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
DEV’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.
Dev Protocol price is favorably positioned going forward. With support at $0.28061208233424 and resistance around $0.286805690379818. This positions Dev Protocol 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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