Monero (XMR) Down 0% Saturday: What’s Next?

Monero (XMR) has been relatively less volatile when compared to other cryptocurrencies. So far Saturday, the Digital Money has lost 0.48% to $155.65.

InvestorsObserver is giving Monero a 12 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero!

Low Volatility

InvestorsObserver gives Monero a low volatility rank of 12, placing it in the bottom 12% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day.

XMR’s low volatility reading is coupled 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 favorably positioned going forward. With support at $152.43 and resistance near $157.75. This leaves Monero with room to run before facing selling pressures.

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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