Gem Exchange and Trading (GXT) Falls 0.22%, Underperforms the Crypto Market Monday

Monday, February 06, 2023 12:37 PM | InvestorsObserver Analysts

Gem Exchange and Trading (GXT) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Monday, the Art, Collectibles and Non-Fungible Tokens has fallen 21.57% to $0.0003263043499.

InvestorsObserver is giving Gem Exchange and Trading a 89 Volatility Rank. Find out what this means to you and get the rest of the rankings on Gem Exchange and Trading!

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Highly Volatile

InvestorsObserver gives Gem Exchange and Trading a high volatility rank of 89, placing it in the top 11% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. GXT's high volatility reading comes 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.

Gem Exchange and Trading price is favorably positioned going forward. With support set at $0.000266075690956573 and resistance set at $0.000357750748730983. This leaves Gem Exchange and Trading with room to run before facing selling pressures.