Phantomx (PNX) Down 0.02% Sunday: What's Next?

Sunday, November 13, 2022 10:17 AM | InvestorsObserver Analysts

Phantomx (PNX) has been relatively less volatile compared to the crypto market. So far Sunday, the crypto has dropped 1.87% to $0.0001496175981.

InvestorsObserver is giving Phantomx a 17 Volatility Rank. Find out what this means to you and get the rest of the rankings on Phantomx!

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Low Volatility

InvestorsObserver gives Phantomx a low volatility rank of 17, placing it in the bottom 17% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. PNX'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.

Phantomx price is trading near resistance. With support near $0.000146624692496725 and resistance near $0.000150358801255815. This positions Phantomx with potential selling pressures ahead as it may be getting over extended.

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.