Melalie (MEL) has been relatively more volatile compared to the crypto market. So far Monday, the crypto has fallen 34.48% to $0.007884493148.
InvestorsObserver is giving Melalie a 77 Volatility Rank. Find out what this means to you and get the rest of the rankings on Melalie!
Highly Volatile
InvestorsObserver gives Melalie a high volatility rank of 77, placing it in the top 23% 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. MEL'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.
Melalie price is in a good position going forward. With support near $0.00595872353794632 and resistance around $0.00890524376215992. This positions Melalie with room to run before facing selling pressures.
