Stellar (XLM) Up 4.52% Monday: What's Next?

Monday, July 18, 2022 10:44 AM | InvestorsObserver Analysts

Stellar (XLM) has been relatively less volatile when compared to other cryptocurrencies. So far Monday, the Digital Money has gained 4.52% to $0.1134667613.

InvestorsObserver is giving Stellar a 23 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 23, placing it in the bottom 23% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. 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 trading above resistance. With support at $0.10633655733776 and resistance at $0.110956491002559. This leaves 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.