Monero (XMR), Low Volatility but Falling Friday: Is it Time to Cash Out?

Friday, March 11, 2022 06:59 PM | InvestorsObserver Analysts

Monero (XMR) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the Digital Money has dropped 4.55% to $170.9.

InvestorsObserver is giving Monero a 24 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero!

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Low Volatility

InvestorsObserver gives Monero a low volatility rank of 24, placing it in the bottom 24% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won't make or break its rank. XMR's low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

Monero price is well positioned going forward. With support at $156.43 and resistance near $181.36. This leaves Monero with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.