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

Monday, February 06, 2023 12:51 PM | InvestorsObserver Analysts

Stellar (XLM) has been relatively less volatile when compared to other cryptocurrencies. So far Monday, the Digital Money has advanced 0.75% to $0.09145946067.

InvestorsObserver is giving Stellar a 16 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 16, placing it in the bottom 16% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. 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 well positioned going forward. With support at $0.0892766006953877 and resistance around $0.0929999016888302. 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.