UniMex Network (UMX) Falls 0.31%, Underperforms the Crypto Market Friday

Friday, November 18, 2022 10:29 AM | InvestorsObserver Analysts

UniMex Network (UMX) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Friday, the crypto has lost 31.35% to $0.02310146592.

InvestorsObserver is giving UniMex Network a 98 Volatility Rank. Find out what this means to you and get the rest of the rankings on UniMex Network!

See Full Report

Highly Volatile

InvestorsObserver gives UniMex Network a high volatility rank of 98, placing it in the top 2% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. UMX's high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

UniMex Network price is well positioned going forward. With support set at $0.0143318816022432 and resistance at $0.0272648527221239. This leaves UniMex Network with room to run before facing selling pressures.