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

Sunday, June 04, 2023 12:15 PM | InvestorsObserver Analysts
Monero (XMR), Low Volatility but Rising Sunday: Is it Time to Cash Out?

Monero (XMR) has been relatively less volatile when compared to other cryptocurrencies. So far Sunday, the Digital Money has advanced 1.39% to $149.25.

volatility - 11
InvestorsObserver is giving Monero a 11 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero!

Low Volatility

InvestorsObserver gives Monero a low volatility rank of 11, placing it in the bottom 11% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. 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 trading above resistance. With support at $145.77 and resistance at $148.61. This positions 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.

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