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Mirrored Netflix (mNFLX), Low Volatility but Falling Monday: Is it Time to Cash Out?

Monday, January 10, 2022 07:25 PM | InvestorsObserver Analysts
Mirrored Netflix (mNFLX), Low Volatility but Falling Monday: Is it Time to Cash Out?

Mirrored Netflix (mNFLX) has been relatively less volatile when compared to other cryptocurrencies. So far Monday, the Wrapped Tokens has fallen 0.77% to $554.4.

volatility - 2
InvestorsObserver is giving Mirrored Netflix a 2 Volatility Rank. Find out what this means to you and get the rest of the rankings on Mirrored Netflix!

Low Volatility

InvestorsObserver gives Mirrored Netflix a low volatility rank of 2, placing it in the bottom 2% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. mNFLX'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 Netflix price is well positioned going forward. With support near $546.07 and resistance set at $559.49. This leaves Mirrored Netflix 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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