Ethereum Name Service (ENS) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Governance has added 1.46% to $16.03.
Moderately Volatile
InvestorsObserver gives Ethereum Name Service a moderate volatility rank of 53, placing it in the top 47% of cryptos on the market.
The Volatility Gauge analyzes which means that one day won’t define its volatility rank – a trend will.
ENS’s moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.
Ethereum Name Service price is well positioned going forward. With support around $15.25 and resistance set at $16.29. This leaves Ethereum Name Service 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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