Stellar (XLM) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Monday, the Digital Money has dropped 1.43% to $0.1718738168.
Low Volatility
InvestorsObserver gives Stellar a low volatility rank of 18, placing it in the bottom 18% 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.
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 well positioned going forward. With support set at $0.167039817719877 and resistance near $0.174084937720717. This leaves Stellar 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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