Phantomx (PNX) Rises 0.18%, Underperforms the Crypto Market Friday

Friday, May 19, 2023 07:41 PM | InvestorsObserver Analysts

Phantomx (PNX) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has gained 0.18% to $0.0004035243637.

InvestorsObserver is giving Phantomx a 65 Volatility Rank. Find out what this means to you and get the rest of the rankings on Phantomx!

Moderately Volatile

InvestorsObserver gives Phantomx a moderate volatility rank of 65, placing it in the top 35% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. PNX's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Phantomx price is well positioned going forward. With support around $0.00039629358638718 and resistance near $0.000410353937919133. This positions Phantomx with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.

Share this article: