Monero (XMR) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Digital Money has increased 3.87% to $147.33.
InvestorsObserver is giving Monero a 16 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 16, placing it in the bottom 16% of cryptos on the market.The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. XMR's low volatility reading pairs 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 trading above resistance. With support around $140.72 and resistance set at $143.57. This leaves Monero out of range and potentially in a volatile position if the rally burns out.