Nyerium (NYEX) Falls 0.49%, Underperforms the Crypto Market Monday

Monday, January 24, 2022 07:54 PM | InvestorsObserver Analysts

Nyerium (NYEX) has been relatively more volatile when compared to other cryptocurrencies. So far Monday, the crypto has declined 49.34% to $0.0003631533894.

InvestorsObserver is giving Nyerium a 82 Volatility Rank. Find out what this means to you and get the rest of the rankings on Nyerium!

See Full Report

Highly Volatile

InvestorsObserver gives Nyerium a high volatility rank of 82, placing it in the top 18% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. NYEX's high volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

Nyerium price is favorably positioned going forward. With support set at $0.000143436400027161 and resistance at $0.000531312228919154. 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.