ITO Utility Token (IUT) has been relatively more volatile compared to other cryptocurrencies. So far on Thursday, the crypto has fallen 5.85% to $0.0002330870645.
InvestorsObserver gives ITO Utility Token a high volatility ranking of 78, placing it in the top 22% of cryptos in the market.
The volatility gauge takes into account this means that the ranking represents its recent trends and is not too influenced by a sudden spike – or two – in volatility. IUT’s high volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning the token has relatively large price swings and is well protected against price manipulation.
The price of the ITO Utility token is trading near resistance. With support at 0.000218368795541896 and resistance set at 0.000235301505965031. This positions ITO Utility Token with potential selling pressures, as it could be too long.
What is a token?
Tokens are digital assets that exist on the blockchain of another cryptocurrency.
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