Stellar (XLM) Down 0% Wednesday: What's Next?

Wednesday, January 05, 2022 01:25 PM | InvestorsObserver Analysts

Stellar (XLM) has been relatively less volatile when compared to other cryptocurrencies. So far Wednesday, the Digital Money has declined 0.1% to $0.2857244374.

InvestorsObserver is giving Stellar a 13 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 13, placing it in the bottom 13% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. XLM's low volatility reading is coupled 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 in a good position going forward. With support around $0.279784360752212 and resistance at $0.290938595161544. This leaves Stellar 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.