Monero (XMR) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the Digital Money has dropped 4.55% to $170.9.
InvestorsObserver is giving Monero a 24 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 24, placing it in the bottom 24% 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 is paired 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 at $156.43 and resistance near $181.36. This leaves Monero with room to run before facing selling pressures.