Monero (XMR) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the Digital Money has declined 1.17% to $139.94.
InvestorsObserver is giving Monero a 21 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero!
The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day.
XMR’s low volatility reading is paired 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 in a good position going forward. With support near $138.14 and resistance set at $141.14. This positions Monero with room to run before facing selling pressures.