Phantomx (PNX), Moderate Volatility and Rising Wednesday: Is it Time to Cash Out?

Wednesday, July 27, 2022 09:38 AM | InvestorsObserver Analysts

Phantomx (PNX) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the crypto has added 1.84% to $0.0002132597387.

InvestorsObserver is giving Phantomx a 28 Volatility Rank. Find out what this means to you and get the rest of the rankings on Phantomx!

See Full Report

Moderately Volatile

InvestorsObserver gives Phantomx a moderate volatility rank of 28, placing it in the bottom 28% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. PNX's moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Phantomx price is trading above resistance. With support at $0.000206912803099859 and resistance set at $0.000212755862725336. 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.