Stellar (XLM) Rises 1.12%, Outperforms the Crypto Market Friday

Stellar (XLM) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Friday, the Digital Money has gained 1.12% to $0.112120103.

InvestorsObserver is giving Stellar a 24 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 24, placing it in the bottom 24% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won’t define its volatility rank – a trend will.

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 in a favorable position going forward. With support at $0.10454369087088 and resistance set at $0.119911794851898. This positions 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.