Monero (XMR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Digital Money has added 6.29% to $162.65.
InvestorsObserver is giving Monero a 28 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 28, placing it in the bottom 28% of cryptos on the market.The Volatility Gauge analyzes 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 trading above resistance. With support around $148.01 and resistance near $160.41. This positions Monero out of range and potentially in a volatile position if the rally burns out.