Stellar (XLM) has been relatively less volatile compared to the crypto market. So far Tuesday, the Digital Money has gained 2.62% to $0.2173355666.
Low Volatility
InvestorsObserver gives Stellar a low volatility rank of 16, placing it in the bottom 16% of cryptos on the market.
The Volatility Gauge tracks this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
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 trading above resistance. With support at $0.207490145628973 and resistance at $0.214847072427794. 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.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You’re all set to receive the Morning Update newsletter
This news is republished from another source. You can check the original article here
Be the first to comment