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Minereum (MNE) Falls 0.46%, Underperforms the Crypto Market Wednesday

Wednesday, January 19, 2022 07:20 AM | InvestorsObserver Analysts
Minereum (MNE) Falls 0.46%, Underperforms the Crypto Market Wednesday

Minereum (MNE) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the crypto has declined 45.52% to $0.1444212061.

volatility - 80
InvestorsObserver is giving Minereum a 80 Volatility Rank. Find out what this means to you and get the rest of the rankings on Minereum!

Highly Volatile

InvestorsObserver gives Minereum a high volatility rank of 80, placing it in the top 20% of cryptos on the market.

The Volatility Gauge analyzes meaning that one day won't make or break its rank. MNE's high volatility reading pairs 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.

Minereum price is in a favorable position going forward. With support set at $0.0576766408692334 and resistance around $0.217089665652368. This positions Minereum with room to run before facing selling pressures.

What is a Token?

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

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