Stellar (XLM) Up 0.23% Monday: What's Next?

Stellar (XLM) Up 0.23% Monday: What’s Next?

23 May 2022

in XLM

Reading Time: 2 mins read

Stellar (XLM) has been relatively less volatile compared to the crypto market. So far Monday, the Digital Money has added 0.23% to $0.13621026.

InvestorsObserver is giving Stellar a 21 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 21, placing it in the bottom 21% of cryptos on the market.

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

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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 favorably positioned going forward. With support around $0.13212629605492 and resistance set at $0.137951353680691. 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.