Monero (XMR) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Digital Money has gained 0.43% to $158.08.
InvestorsObserver is giving Monero a 21 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 21, placing it in the bottom 21% of cryptos on the market.The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. XMR's low volatility reading comes 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 in a good position going forward. With support near $154.17 and resistance around $160.27. This leaves Monero with room to run before facing selling pressures.