Monero (XMR) Up 0.02% Monday: What’s Next?

Monero (XMR) has been relatively less volatile when compared to other cryptocurrencies. So far Monday, the Digital Money has added 0.02% to $148.64.

InvestorsObserver is giving Monero a 13 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 13, placing it in the bottom 13% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.

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 in a good position going forward. With support near $147.05 and resistance near $149.55. This positions 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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