Stellar (XLM) Rises 3.16%, Underperforms the Crypto Market Thursday

Thursday, February 29, 2024 07:05 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 added 3.16% to $0.125230263.

InvestorsObserver is giving Stellar a 17 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 17, placing it in the bottom 17% 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 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 near resistance. With support at $0.116842878534224 and resistance set at $0.12549634791794. This positions Stellar with potential selling pressures ahead as it may be getting over extended.

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.