Convergence (CONV) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Sunday, the crypto has fallen 29.3% to $0.001475305414.
Highly Volatile
InvestorsObserver gives Convergence a high volatility rank of 82, placing it in the top 18% of cryptos on the market.
The Volatility Gauge analyzes meaning that one day won’t make or break its rank.
CONV’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.
Convergence price is in a good position going forward. With support at $0.00085902555343273 and resistance at $0.00192900541201743. This leaves Convergence 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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