Stellar (XLM) Rises 7.38%, Outperforms the Crypto Market Monday

28 March 2022

in XLM

Reading Time: 2 mins read

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 added 7.38% to $0.2364838861.

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 analyzes meaning that one day won’t make or break its rank.

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XLM’s low volatility reading comes 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 above resistance. With support set at $0.213505343825388 and resistance at $0.228661150962877. This positions Stellar out of range and potentially in a volatile position if the rally burns out.

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.