Stellar (XLM) Rises 4.87%, Outperforms the Crypto Market Thursday

Thursday, September 22, 2022 11:52 AM | InvestorsObserver Analysts

Stellar (XLM) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the Digital Money has increased 4.87% to $0.1183412752.

InvestorsObserver is giving Stellar a 18 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 18, placing it in the bottom 18% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. 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 $0.108948874695072 and resistance around $0.117330211622486. 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.