Monero Classic (XMC) has been relatively more volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has fallen 5.83% to $0.3997330403.
InvestorsObserver is giving Monero Classic a 98 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero Classic!
Highly Volatile
InvestorsObserver gives Monero Classic a high volatility rank of 98, placing it in the top 2% of cryptos on the market.The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. XMC's high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.
Monero Classic price is well positioned going forward. With support near $0.375403061984894 and resistance near $0.408394858716843. This positions Monero Classic with room to run before facing selling pressures.