Monero (XMR) Rises 1.83%, Outperforms the Crypto Market Saturday

Saturday, April 30, 2022 02:34 PM | InvestorsObserver Analysts

Monero (XMR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the Digital Money has increased 1.83% to $230.94.

InvestorsObserver is giving Monero a 33 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero!

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Moderately Volatile

InvestorsObserver gives Monero a moderate volatility rank of 33, placing it in the bottom 33% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. XMR's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Monero price is well positioned going forward. With support set at $217.86 and resistance at $235.37. This positions 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.