Monero (XMR) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the Digital Money has increased 1.39% to $146.55.
InvestorsObserver is giving Monero a 23 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 23, placing it in the bottom 23% of cryptos on the market.The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. 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 near resistance. With support set at $140.98 and resistance set at $147.11. This leaves Monero with potential selling pressures ahead as it may be getting over extended.