Metrix Coin (MRX) Falls 0.02%, Underperforms the Crypto Market Thursday

Thursday, March 28, 2024 11:47 AM | InvestorsObserver Analysts

Metrix Coin (MRX) has been relatively more volatile when compared to other cryptocurrencies. So far Thursday, the crypto has declined 1.92% to $0.00004904832011.

InvestorsObserver is giving Metrix Coin a 100 Volatility Rank. Find out what this means to you and get the rest of the rankings on Metrix Coin!

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Highly Volatile

InvestorsObserver gives Metrix Coin a high volatility rank of 100, placing it in the top 0% of cryptos on the market.

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

Metrix Coin price is favorably positioned going forward. With support at $0.0000458667125244242 and resistance near $0.0000513502779981204. This positions Metrix Coin 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.