Monero (XMR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Digital Money has added 6.29% to $162.65.
InvestorsObserver gives Monero a moderate volatility rank of 28, placing it in the bottom 28% of cryptos on the market.
The Volatility Gauge analyzes which means that one day won’t define its volatility rank – a trend will.
XMR’s moderate volatility reading comes 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 trading above resistance. With support around $148.01 and resistance near $160.41. This positions Monero out of range and potentially in a volatile position if the rally burns out.
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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