Monero (XMR) Down 0.02% Monday: What's Next?

Monero (XMR) has been relatively less volatile compared to the crypto market. So far Monday, the Digital Money has lost 2.47% to $134.37.

InvestorsObserver is giving Monero a 17 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 17, placing it in the bottom 17% 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 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 trading near resistance. With support at $131.74 and resistance at $135.05. This positions 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.