Monero (XMR) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Sunday, the Digital Money has lost 0.4% to $169.41.
InvestorsObserver is giving Monero a 17 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero!
The Volatility Gauge follows meaning that one day won’t make or break its rank.
XMR’s low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Monero price is favorably positioned going forward. With support around $167.29 and resistance near $171.14. This leaves Monero with room to run before facing selling pressures.