Apollon (XAP) Rises 0.49%, Outperforms the Crypto Market Sunday

Sunday, February 06, 2022 07:16 AM | InvestorsObserver Analysts

Apollon (XAP) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has increased 0.49% to $0.00008320993108.

InvestorsObserver is giving Apollon a 49 Volatility Rank. Find out what this means to you and get the rest of the rankings on Apollon!

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Moderately Volatile

InvestorsObserver gives Apollon a moderate volatility rank of 49, placing it in the bottom 49% of cryptos on the market.

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

Apollon price is favorably positioned going forward. With support around $0.0000548040542427121 and resistance at $0.0000972493279633714. This positions Apollon 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.