Stellar (XLM) Falls 0.01%, Underperforms the Crypto Market Friday

Friday, December 31, 2021 12:45 PM | InvestorsObserver Analysts

Stellar (XLM) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the Digital Money has dropped 1.01% to $0.2698831294.

InvestorsObserver is giving Stellar a 12 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 12, placing it in the bottom 12% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. XLM'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.

Stellar price is in a favorable position going forward. With support around $0.260663267523601 and resistance near $0.274420168549373. This positions 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.