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Stellar (XLM) Up 5.05% Wednesday: What's Next?

Wednesday, January 26, 2022 08:43 AM | InvestorsObserver Analysts
Stellar (XLM) Up 5.05% Wednesday: What's Next?

Stellar (XLM) has been relatively less volatile compared to the crypto market. So far Wednesday, the Digital Money has increased 5.05% to $0.2019806184.

volatility - 17
InvestorsObserver is giving Stellar a 17 Volatility Rank. Find out what this means to you and get the rest of the rankings on Stellar!

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 follows 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 is coupled 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 near $0.187752511162994 and resistance near $0.197653990049598. 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.

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