Megacoin (MEC) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the crypto has dropped 5.12% to $0.001246763642.
InvestorsObserver is giving Megacoin a 23 Volatility Rank. Find out what this means to you and get the rest of the rankings on Megacoin!
Low Volatility
InvestorsObserver gives Megacoin a low volatility rank of 23, placing it in the bottom 23% of cryptos on the market.The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. MEC's low volatility reading is coupled 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.
Megacoin price is in a good position going forward. With support at $0.00119217562042593 and resistance around $0.00126942428779273. This positions Megacoin with room to run before facing selling pressures.