Monero (XMR) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the Digital Money has dropped 3.82% to $162.
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 tracks this makes its score defined by recent trends, rather than a bad day.
XMR’s low volatility reading pairs 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 trading near resistance. With support set at $157.76 and resistance around $162.71. This positions Monero with potential selling pressures ahead as it may be getting over extended.
