Stellar (XLM) Down 0.02% Sunday: What’s Next?

Stellar (XLM) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Digital Money has declined 2.29% to $0.1236687081.

Moderately Volatile

InvestorsObserver gives Stellar a moderate volatility rank of 25, placing it in the bottom 25% of cryptos on the market.

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

XLM’s moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Stellar price is in a good position going forward. With support around $0.117561902517982 and resistance at $0.129768389875598. 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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