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

Saturday, September 17, 2022 11:24 AM | InvestorsObserver Analysts

Monero (XMR) has been relatively less volatile compared to the crypto market. So far Saturday, the Digital Money has added 1.87% to $150.71.

InvestorsObserver is giving Monero a 22 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 22, placing it in the bottom 22% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. XMR's low volatility reading is coupled 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 trading above resistance. With support near $144.94 and resistance at $150.18. This leaves Monero out of range and potentially in a volatile position if the rally burns out.

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.