Mirror Protocol (MIR), Moderate Volatility and Falling Sunday: Is it Time to Cash Out?

Sunday, March 13, 2022 09:55 AM | InvestorsObserver Analysts

Mirror Protocol (MIR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Derivatives has lost 12.95% to $1.73.

InvestorsObserver is giving Mirror Protocol a 46 Volatility Rank. Find out what this means to you and get the rest of the rankings on Mirror Protocol!

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Moderately Volatile

InvestorsObserver gives Mirror Protocol a moderate volatility rank of 46, placing it in the bottom 46% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. MIR's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Mirror Protocol price is in a good position going forward. With support set at $1.54 and resistance at $1.84. This positions Mirror Protocol with room to run before facing selling pressures.