Phoenixcoin (PXC) Up 10.05% Saturday: What's Next?

Saturday, January 29, 2022 08:41 AM | InvestorsObserver Analysts

Phoenixcoin (PXC) has been relatively less volatile when compared to other cryptocurrencies. So far Saturday, the crypto has added 10.05% to $0.01254764407.

InvestorsObserver is giving Phoenixcoin a 21 Volatility Rank. Find out what this means to you and get the rest of the rankings on Phoenixcoin!

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Low Volatility

InvestorsObserver gives Phoenixcoin a low volatility rank of 21, placing it in the bottom 21% of cryptos on the market.

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

Phoenixcoin price is trading above resistance. With support near $0.0103079003531644 and resistance around $0.0123921853739926. This positions Phoenixcoin 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.