Stellar (XLM) Falls 0.03%, Outperforms the Crypto Market Friday

22 April 2022

in XLM

Reading Time: 2 mins read

Stellar (XLM) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the Digital Money has fallen 3.18% to $0.1958391446.

InvestorsObserver is giving Stellar a 19 Volatility Rank. Find out what this means to you and get the rest of the rankings on Stellar!

Low Volatility

InvestorsObserver gives Stellar a low volatility rank of 19, placing it in the bottom 19% of cryptos on the market.

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The Volatility Gauge tracks meaning that one day won’t make or break its rank.

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XLM’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.

Stellar price is trading near resistance. With support around $0.187975027432477 and resistance at $0.197793730368649. This leaves Stellar 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.