Ethereum Name Service (ENS) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Governance has lost 3.23% to $15.82.
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 follows meaning that one day won’t make or break its rank.
ENS’s moderate volatility reading comes 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 in a good position going forward. With support around $14.31 and resistance around $16.51. 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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