x42 Protocol (X42) Rises 90.8%, Outperforms the Crypto Market Monday

Monday, April 17, 2023 06:45 AM | InvestorsObserver Analysts

x42 Protocol (X42) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Monday, the crypto has advanced 90.8% to $0.008957103252.

InvestorsObserver is giving x42 Protocol a 91 Volatility Rank. Find out what this means to you and get the rest of the rankings on x42 Protocol!

Highly Volatile

InvestorsObserver gives x42 Protocol a high volatility rank of 91, placing it in the top 9% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. X42's high volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

x42 Protocol price is trading above resistance. With support around $0.00323726481845491 and resistance near $0.00759687193756812. This positions x42 Protocol out of range and potentially in a volatile position if the rally burns out.

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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