ELMOERC (ELMO) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has added 21.98% to $0.004812365687.
The Volatility Gauge tracks this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
ELMO’s moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.
ELMOERC price is trading near resistance. With support around $0.00348840758600461 and resistance at $0.0048585805336498. This positions ELMOERC with potential selling pressures ahead as it may be getting over extended.