Monero (XMR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Digital Money has advanced 8.24% to $175.93.
InvestorsObserver is giving Monero a 36 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 36, placing it in the bottom 36% 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 is paired 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 $152.81 and resistance set at $170.81. This leaves Monero out of range and potentially in a volatile position if the rally burns out.