InvestorsObserver
×
News Home

Mirrored Amazon (mAMZN) Down 0% Monday: What's Next?

Monday, January 10, 2022 07:25 PM | InvestorsObserver Analysts
Mirrored Amazon (mAMZN) Down 0% Monday: What's Next?

Mirrored Amazon (mAMZN) has been relatively less volatile compared to the crypto market. So far Monday, the crypto has dropped 0.28% to $3267.29.

volatility - 1
InvestorsObserver is giving Mirrored Amazon a 1 Volatility Rank. Find out what this means to you and get the rest of the rankings on Mirrored Amazon!

Low Volatility

InvestorsObserver gives Mirrored Amazon a low volatility rank of 1, placing it in the bottom 1% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. mAMZN's low volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.

Mirrored Amazon price is in a good position going forward. With support near $3204.66 and resistance near $3331.56. This leaves Mirrored Amazon with room to run before facing selling pressures.

What is a Token?

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

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App