Polymesh (POLYX) Falls 0.08%, Underperforms the Crypto Market Sunday

Sunday, March 24, 2024 07:28 AM | InvestorsObserver Analysts

Polymesh (POLYX) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has lost 8.03% to $0.4159988271.

InvestorsObserver is giving Polymesh a 52 Volatility Rank. Find out what this means to you and get the rest of the rankings on Polymesh!

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Moderately Volatile

InvestorsObserver gives Polymesh a moderate volatility rank of 52, placing it in the top 48% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. POLYX's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Polymesh price is favorably positioned going forward. With support at $0.350836564758393 and resistance at $0.461161036947343. This leaves Polymesh with room to run before facing selling pressures.