Phantomx (PNX) Rises 0.84%, Underperforms the Crypto Market Saturday

Saturday, April 22, 2023 03:26 PM | InvestorsObserver Analysts

Phantomx (PNX) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the crypto has added 0.84% to $0.0002488422384.

InvestorsObserver is giving Phantomx a 20 Volatility Rank. Find out what this means to you and get the rest of the rankings on Phantomx!
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Low Volatility

InvestorsObserver gives Phantomx a low volatility rank of 20, placing it in the bottom 20% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. PNX's low volatility reading pairs 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.

Phantomx price is in a good position going forward. With support at $0.000242811679800541 and resistance at $0.000252922641539515. 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.

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