Stellar (XLM) Up 1.71% Wednesday: What’s Next?

Stellar (XLM) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the Digital Money has increased 1.71% to $0.1846159014.

Low Volatility

InvestorsObserver gives Stellar a low volatility rank of 18, placing it in the bottom 18% of cryptos on the market.

The Volatility Gauge follows meaning that one day won’t make or break its rank.

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 good position going forward. With support set at $0.176050620002636 and resistance set at $0.189674155635724. 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.

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