Monero (XMR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Digital Money has lost 13.89% to $160.04.
InvestorsObserver is giving Monero a 34 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero!
Moderately Volatile
InvestorsObserver gives Monero a moderate volatility rank of 34, placing it in the bottom 34% of cryptos on the market.The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. XMR's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Monero price is in a favorable position going forward. With support at $137.06 and resistance at $182.27. This leaves Monero with room to run before facing selling pressures.