Monero (XMR) has been relatively less volatile compared to the crypto market. So far Tuesday, the Digital Money has lost 1.19% to $164.98.
InvestorsObserver is giving Monero a 17 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero!
The Volatility Gauge tracks which means that one day won’t define its volatility rank – a trend will.
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 well positioned going forward. With support at $161.95 and resistance at $166.91. This leaves Monero with room to run before facing selling pressures.