Monero (XMR) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Digital Money has added 1.37% to $167.6.
InvestorsObserver gives Monero a low volatility rank of 12, placing it in the bottom 12% of cryptos on the market.
The Volatility Gauge analyzes meaning that one day won’t make or break its rank.
XMR’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.
Monero price is trading near resistance. With support around $160.61 and resistance set at $169.79. This leaves Monero with potential selling pressures ahead as it may be getting over extended.
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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