Veil (VEIL) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has declined 27.43% to $0.004997907696.
InvestorsObservergives Veil a moderate volatility rank of 30, placing it in the bottom 30% of cryptos on the market.
The Volatility Gauge tracks meaning that one day won’t make or break its rank.
VEIL’s moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Veil price is trading above resistance. With support set at $0.00488510746717313 and resistance set at $0.00493729366198042. This leaves Veil out of range and potentially in a volatile position if the rally burns out.
What is a Coin?
A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.
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