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Mirrored Amazon (mAMZN) Rises 2.54%, Underperforms the Crypto Market Thursday

Thursday, December 16, 2021 12:12 PM | InvestorsObserver Analysts
Mirrored Amazon (mAMZN) Rises 2.54%, Underperforms the Crypto Market Thursday

Mirrored Amazon (mAMZN) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the crypto has increased 2.54% to $3485.32.

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 tracks the previous 60 days, meaning that one day won't make or break the score. mAMZN's low volatility reading is paired 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 trading above resistance. With support around $3374.47 and resistance set at $3442.61. This leaves Mirrored Amazon out of range and potentially in a volatile position if the rally burns out.

What is a Token?

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

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