TokenFi (TOKEN): Moderate Volatility, Positive Price Position

TokenFi (TOKEN) exhibits moderate volatility compared to other cryptocurrencies. Despite a recent 16.36% decline to $0.1313095267, its volatility rank of 61 indicates moderate price swings. The low Risk/Reward Gauge suggests that TOKEN is well-protected from price manipulation, while its favorable support and resistance levels provide room for further price movement.

TokenFi (TOKEN): Moderate Volatility, Favorable Price Position

TokenFi (TOKEN) has exhibited relatively moderate volatility in comparison to its peers in the cryptocurrency market. As of Sunday, Wrapped Tokens has experienced a 16.36% decline, bringing its current value to $0.1313095267.

Volatility Assessment

InvestorsObserver assigns TokenFi a moderate volatility rank of 61, placing it among the top 39% of cryptocurrencies in terms of price fluctuations. This ranking is derived from the Volatility Gauge, which suggests that the token's price movements are unlikely to be significantly impacted by short-term fluctuations.

Risk/Reward Profile

TokenFi's moderate volatility reading is complemented by a low Risk/Reward Gauge score. This indicates that the token exhibits relatively moderate price swings while maintaining a level of protection against price manipulation.

Price Outlook

The current price position of TokenFi is considered favorable. Support is established at $0.0939556227557419, while resistance is encountered at $0.144595125459885. This range provides TokenFi with ample room for growth before encountering potential selling pressure.

Token Definition

Tokens are digital assets that reside on the blockchain of another cryptocurrency. They derive their value and functionality from the underlying blockchain and are often used for various purposes within decentralized applications (dApps).