Monero (XMR) has been relatively less volatile when compared to other cryptocurrencies. So far Monday, the Digital Money has dropped 2.7% to $152.92.
InvestorsObserver is giving Monero a 21 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 21, placing it in the bottom 21% of cryptos on the market.The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. XMR'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.
Monero price is favorably positioned going forward. With support set at $145.77 and resistance near $155.45. This leaves Monero with room to run before facing selling pressures.