yAxis (YAXIS) Down 0.03% Monday: What's Next?

Monday, July 11, 2022 08:09 AM | InvestorsObserver Analysts

yAxis (YAXIS) has been relatively more volatile when compared to other cryptocurrencies. So far Monday, the Decentralized Finance has lost 3.14% to $0.0165201151.

InvestorsObserver is giving yAxis a 99 Volatility Rank. Find out what this means to you and get the rest of the rankings on yAxis!

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Highly Volatile

InvestorsObserver gives yAxis a high volatility rank of 99, placing it in the top 1% 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. YAXIS'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.

yAxis price is favorably positioned going forward. With support set at $-0.191184291283211 and resistance at $0.431205790822783. This leaves yAxis with room to run before facing selling pressures.