Xion Finance (XGT) Falls 0.36%, Underperforms the Crypto Market Tuesday

Tuesday, June 06, 2023 04:12 PM | InvestorsObserver Analysts

Xion Finance (XGT) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the crypto has lost 35.76% to $0.0003405814225.

InvestorsObserver is giving Xion Finance a 95 Volatility Rank. Find out what this means to you and get the rest of the rankings on Xion Finance!

Highly Volatile

InvestorsObserver gives Xion Finance a high volatility rank of 95, placing it in the top 5% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. XGT's high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

Xion Finance price is favorably positioned going forward. With support near $0.0000717814045895189 and resistance at $0.00060940176718238. This leaves Xion Finance with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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