ITO Utility Token (IUT) has been relatively less volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has declined 1.44% to $0.001373347242.
Low Volatility
InvestorsObserver gives ITO Utility Token a low volatility rank of 16, placing it in the bottom 16% of cryptos on the market. The Volatility Gauge tracks the previous 60 days, meaning that one day won’t make or break the score.
IUT’s low volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.
ITO Utility Token price is favorably positioned going forward. With support around $0.00133990742494482 and resistance set at $0.00139247231879402. This leaves ITO Utility Token with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.