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

Sunday, January 16, 2022 06:32 AM | InvestorsObserver Analysts
Mirrored Amazon (mAMZN) Down 0% Sunday: What's Next?

Mirrored Amazon (mAMZN) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Sunday, the crypto has fallen 0.17% to $3270.45.

volatility - 2
InvestorsObserver is giving Mirrored Amazon a 2 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 2, placing it in the bottom 2% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. mAMZN's low volatility reading pairs 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 favorably positioned going forward. With support set at $3246.01 and resistance set at $3281.7. This positions 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.

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