MELX (MEL) has been relatively more volatile when compared to other cryptocurrencies. So far Monday, the crypto has advanced 42.93% to $0.01363682825.
Highly Volatile
InvestorsObserver gives MELX a high volatility rank of 84, placing it in the top 16% of cryptos on the market.
The Volatility Gauge tracks meaning that one day won’t make or break its rank.
MEL’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.
MELX price is trading above resistance. With support set at $0.00936717310270111 and resistance set at $0.00987188567688505. This leaves MELX out of range and potentially in a volatile position if the rally burns out.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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