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

Sunday, January 02, 2022 10:39 AM | InvestorsObserver Analysts
MarsX (MX), High Volatility and Rising Sunday: Is it Time to Cash Out?

MarsX (MX) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Sunday, the crypto has advanced 49.68% to $0.0135840117.

volatility - 90
InvestorsObserver is giving MarsX a 90 Volatility Rank. Find out what this means to you and get the rest of the rankings on MarsX!

Highly Volatile

InvestorsObserver gives MarsX a high volatility rank of 90, placing it in the top 10% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won't make or break its rank. MX'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.

MarsX price is trading above resistance. With support around $0.00811067584788192 and resistance around $0.0102666047204076. This leaves MarsX out of range and potentially in a volatile position if the rally burns out.

What is a Token?

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

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