Dexlab (DXL), High Volatility and Rising Sunday: Is it Time to Cash Out?

Sunday, October 01, 2023 07:52 PM | InvestorsObserver Analysts

Dexlab (DXL) has been relatively more volatile when compared to other cryptocurrencies. So far Sunday, the crypto has increased 18.78% to $0.001720747397.

InvestorsObserver is giving Dexlab a 97 Volatility Rank. Find out what this means to you and get the rest of the rankings on Dexlab!

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Highly Volatile

InvestorsObserver gives Dexlab a high volatility rank of 97, placing it in the top 3% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. DXL's high volatility reading is paired 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.

Dexlab price is trading above resistance. With support at $0.00137624328638817 and resistance at $0.00158621368612553. This positions Dexlab out of range and potentially in a volatile position if the rally burns out.