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Numeraire (NMR), Moderate Volatility and Falling Tuesday: Is it Time to Cash Out?

Tuesday, July 12, 2022 01:04 PM | InvestorsObserver Analysts
Numeraire (NMR), Moderate Volatility and Falling Tuesday: Is it Time to Cash Out?

Numeraire (NMR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the crypto has dropped 4.52% to $14.93.

volatility - 61
InvestorsObserver is giving Numeraire a 61 Volatility Rank. Find out what this means to you and get the rest of the rankings on Numeraire!

Moderately Volatile

InvestorsObserver gives Numeraire a moderate volatility rank of 61, placing it in the top 39% 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 paired 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 favorably positioned going forward. With support at $13.33 and resistance set at $16.68. This positions Numeraire with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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