Nyerium (NYEX) Down 0% Monday: What's Next?

Monday, April 25, 2022 02:42 PM | InvestorsObserver Analysts

Nyerium (NYEX) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Monday, the crypto has declined 0.2% to $0.0003952701756.

InvestorsObserver is giving Nyerium a 11 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 11, placing it in the bottom 11% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. NYEX'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.

Nyerium price is favorably positioned going forward. With support near $0.000391724670272051 and resistance set at $0.000397848494549944. This positions 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.