Apollon (XAP) Rises 4.34%, Outperforms the Crypto Market Wednesday

Wednesday, March 29, 2023 06:55 PM | InvestorsObserver Analysts

Apollon (XAP) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the crypto has increased 4.34% to $0.00005676624876.

InvestorsObserver is giving Apollon a 33 Volatility Rank. Find out what this means to you and get the rest of the rankings on Apollon!

Moderately Volatile

InvestorsObserver gives Apollon a moderate volatility rank of 33, placing it in the bottom 33% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. XAP'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.

Apollon price is trading above resistance. With support set at $0.000053584932009496 and resistance around $0.0000550601942614114. This positions Apollon 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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