Monero (XMR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Digital Money has dropped 3.02% to $177.3.
InvestorsObserver gives Monero a moderate volatility rank of 41, placing it in the bottom 41% of cryptos on the market.
The Volatility Gauge tracks which means that one day won’t define its volatility rank – a trend will.
XMR’s moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Monero price is favorably positioned going forward. With support around $173.23 and resistance around $180.24. This leaves Monero with room to run before facing selling pressures.
What is a Coin?
A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.
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