Pundi X NEM (NPXSXEM), High Volatility and Falling Monday: Is it Time to Cash Out?

Monday, January 16, 2023 07:00 AM | InvestorsObserver Analysts

Pundi X NEM (NPXSXEM) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Monday, the crypto has fallen 22.52% to $0.0000282638373.

InvestorsObserver is giving Pundi X NEM a 92 Volatility Rank. Find out what this means to you and get the rest of the rankings on Pundi X NEM!

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Highly Volatile

InvestorsObserver gives Pundi X NEM a high volatility rank of 92, placing it in the top 8% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. NPXSXEM's high volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

Pundi X NEM price is in a good position going forward. With support around $0.000015966015278944 and resistance near $0.0000340026994749207. This leaves Pundi X NEM with room to run before facing selling pressures.