Stellar (XLM) Falls 0.06%, Underperforms the Crypto Market Friday

Friday, March 15, 2024 10:20 AM | InvestorsObserver Analysts

Stellar (XLM) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Friday, the Digital Money has lost 6.23% to $0.1340770005.

InvestorsObserver is giving Stellar a 21 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 21, placing it in the bottom 21% of cryptos on the market.

The Volatility Gauge follows 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 is paired 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 well positioned going forward. With support set at $0.125926393658504 and resistance set at $0.139257374793872. 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.