Stellar (XLM) Rises 0.84%, Outperforms the Crypto Market Thursday

Thursday, March 28, 2024 09:43 AM | InvestorsObserver Analysts

Stellar (XLM) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Digital Money has advanced 0.84% to $0.1376896392.

InvestorsObserver is giving Stellar a 23 Volatility Rank. Find out what this means to you and get the rest of the rankings on Stellar!

See Full Report

Low Volatility

InvestorsObserver gives Stellar a low volatility rank of 23, placing it in the bottom 23% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. 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 favorably positioned going forward. With support near $0.132688707967689 and resistance around $0.140042460819175. 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.