Monero (XMR) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Friday, the Digital Money has dropped 0.55% to $142.
InvestorsObserver is giving Monero a 11 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero!
Low Volatility
InvestorsObserver gives Monero a low volatility rank of 11, placing it in the bottom 11% of cryptos on the market.The Volatility Gauge takes into account meaning that one day won't make or break its rank. XMR's low volatility reading comes 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.
Monero price is well positioned going forward. With support set at $140.52 and resistance around $143.89. This positions Monero with room to run before facing selling pressures.