Phantomx (PNX) Rises 0.08%, Underperforms the Crypto Market Tuesday

Tuesday, March 29, 2022 10:04 AM | InvestorsObserver Analysts

Phantomx (PNX) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the crypto has advanced 0.08% to $0.0006198990171.

InvestorsObserver is giving Phantomx a 72 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 72, placing it in the top 28% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. PNX's moderate volatility reading is coupled 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 in a good position going forward. With support set at $0.000609207820912011 and resistance at $0.0006273640127118. This leaves Phantomx 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.