Nyerium (NYEX) Down 0.01% Saturday: What's Next?

Saturday, April 30, 2022 02:49 PM | InvestorsObserver Analysts

Nyerium (NYEX) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the crypto has dropped 0.65% to $0.0003830870506.

InvestorsObserver is giving Nyerium a 10 Volatility Rank. Find out what this means to you and get the rest of the rankings on Nyerium!

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Low Volatility

InvestorsObserver gives Nyerium a low volatility rank of 10, placing it in the bottom 10% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. NYEX's low volatility reading comes 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.

Nyerium price is favorably positioned going forward. With support around $0.000375688053842992 and resistance set at $0.000392205379845932. This leaves Nyerium 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.