Monero (XMR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the Digital Money has advanced 0.88% to $114.89.
InvestorsObserver is giving Monero a 41 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 41, placing it in the bottom 41% of cryptos on the market.The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. XMR's moderate volatility reading comes 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 well positioned going forward. With support around $104.45 and resistance set at $119.13. This leaves Monero with room to run before facing selling pressures.