Monero (XMR) has been relatively less volatile compared to the crypto market. So far Monday, the Digital Money has added 0.47% to $153.8.
InvestorsObserver is giving Monero a 14 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 14, placing it in the bottom 14% of cryptos on the market.The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. 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 trading near resistance. With support near $152.44 and resistance around $153.94. This positions Monero with potential selling pressures ahead as it may be getting over extended.