Stellar (XLM), Low Volatility but Rising Friday: Is it Time to Cash Out?

Friday, August 12, 2022 04:06 PM | InvestorsObserver Analysts

Stellar (XLM) has been relatively less volatile compared to the crypto market. So far Friday, the Digital Money has advanced 0.09% to $0.1256171852.

InvestorsObserver is giving Stellar a 20 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 20, placing it in the bottom 20% of cryptos on the market.

The Volatility Gauge takes into account 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 favorably positioned going forward. With support at $0.124420850441146 and resistance around $0.126893310711074. 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.