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Mirrored ProShares VIX (mVIXY) Rises 10.07%, Outperforms the Crypto Market Monday

Monday, January 24, 2022 10:00 AM | InvestorsObserver Analysts
Mirrored ProShares VIX (mVIXY) Rises 10.07%, Outperforms the Crypto Market Monday

Mirrored ProShares VIX (mVIXY) has been relatively less volatile compared to the crypto market. So far Monday, the crypto has advanced 10.07% to $20.84.

volatility - 4
InvestorsObserver is giving Mirrored ProShares VIX a 4 Volatility Rank. Find out what this means to you and get the rest of the rankings on Mirrored ProShares VIX!

Low Volatility

InvestorsObserver gives Mirrored ProShares VIX a low volatility rank of 4, placing it in the bottom 4% of cryptos on the market.

The Volatility Gauge analyzes meaning that one day won't make or break its rank. mVIXY'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 ProShares VIX price is trading above resistance. With support near $18.67 and resistance around $19.29. This leaves Mirrored ProShares VIX 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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