Stellar (XLM) Rises 1.36%, Outperforms the Crypto Market Monday

Monday, May 29, 2023 12:46 PM | InvestorsObserver Analysts

Stellar (XLM) has been relatively less volatile compared to the crypto market. So far Monday, the Digital Money has added 1.36% to $0.08911350696.

InvestorsObserver is giving Stellar a 13 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 13, placing it in the bottom 13% of cryptos on the market.

The Volatility Gauge analyzes 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 trading above resistance. With support at $0.087570206130306 and resistance around $0.0886010535605352. This positions Stellar out of range and potentially in a volatile position if the rally burns out.

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.