Numeraire (NMR) Down 0.02% Tuesday: What's Next?

Tuesday, July 19, 2022 11:37 AM | InvestorsObserver Analysts

Numeraire (NMR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the crypto has declined 2.08% to $14.61.

InvestorsObserver is giving Numeraire a 62 Volatility Rank. Find out what this means to you and get the rest of the rankings on Numeraire!

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Moderately Volatile

InvestorsObserver gives Numeraire a moderate volatility rank of 62, placing it in the top 38% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. NMR's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Numeraire price is in a favorable position going forward. With support set at $13.98 and resistance set at $14.99. This positions Numeraire with room to run before facing selling pressures.