Waves Community Token (WCT) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the crypto has dropped 2.98% to $0.127241131.
InvestorsObserver gives Waves Community Token a low volatility rank of 14, placing it in the bottom 14% of cryptos on the market.
The Volatility Gauge analyzes meaning that one day won’t make or break its rank.
WCT’s low volatility reading comes 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.
Waves Community Token price is trading near resistance. With support set at $0.123022495403087 and resistance around $0.127809523238933. This positions Waves Community Token with potential selling pressures ahead as it may be getting over extended.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.