Stellar (XLM) Falls 0.06%, Underperforms the Crypto Market Monday

10 January 2022

in XLM

Reading Time: 1 mins read

Stellar (XLM) has been relatively less volatile compared to the crypto market. So far Monday, the Digital Money has declined 5.58% to $0.2463500774.

InvestorsObserver is giving Stellar a 12 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 12, placing it in the bottom 12% of cryptos on the market.

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

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XLM’s low volatility reading is coupled 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 near $0.237414548573677 and resistance near $0.246424714503471. 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.

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