Phantomx (PNX), Low Volatility but Rising Friday: Is it Time to Cash Out?

Friday, July 22, 2022 08:41 AM | InvestorsObserver Analysts

Phantomx (PNX) has been relatively less volatile compared to the crypto market. So far Friday, the crypto has increased 3.68% to $0.0003782446121.

InvestorsObserver is giving Phantomx a 24 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 24, placing it in the bottom 24% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. 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 above resistance. With support around $0.000357740722371453 and resistance near $0.000373055478099921. This leaves Phantomx out of range and potentially in a volatile position if the rally burns out.

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.