Tachyon Protocol (IPX) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the crypto has gained 18.92% to $0.0007048347603.
Highly Volatile
InvestorsObserver gives Tachyon Protocol a high volatility rank of 83, placing it in the top 17% of cryptos on the market.
The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility.
IPX's high volatility reading is paired 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.
Tachyon Protocol price is trading above resistance. With support near $0.000544670349421206 and resistance set at $0.000649505198901745. This leaves Tachyon Protocol out of range and potentially in a volatile position if the rally burns out.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency's blockchain.
