Stellar (XLM) Down 0.05% Friday: What's Next?

Friday, March 24, 2023 11:41 AM | InvestorsObserver Analysts

Stellar (XLM) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the Digital Money has lost 4.63% to $0.08890867106.

InvestorsObserver is giving Stellar a 17 Volatility Rank. Find out what this means to you and get the rest of the rankings on Stellar!

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Low Volatility

InvestorsObserver gives Stellar a low volatility rank of 17, placing it in the bottom 17% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. XLM's low volatility reading pairs 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.

Stellar price is trading near resistance. With support at $0.0855622033574698 and resistance near $0.0890199954607603. This leaves Stellar with potential selling pressures ahead as it may be getting over extended.

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.