NEM (XEM) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the Digital Money has lost 15.73% to $0.03833731061.
InvestorsObserver is giving NEM a 31 Volatility Rank. Find out what this means to you and get the rest of the rankings on NEM!
Moderately Volatile
InvestorsObserver gives NEM a moderate volatility rank of 31, placing it in the bottom 31% of cryptos on the market.The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. XEM'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.
NEM price is favorably positioned going forward. With support set at $0.0328329527219941 and resistance at $0.0409587645372559. This positions NEM with room to run before facing selling pressures.