money (XMR) has been relatively less volatile than the crypto market according to recent market analysis. So far on Monday, Digital Money has gained 0.49% to $157.83.
low volatility
InvestorsObserver gives Monero a low volatility range of 18, putting it in the bottom 18% of cryptocurrencies on the market.
The volatility indicator takes into account that this causes your score to be defined by recent trends, rather than one bad day. XMR's low volatility reading is combined with a low reading on the risk/reward indicator, which means that the coin has relatively narrow price fluctuations and is well protected against price manipulation.
The Monero price is well positioned for the future. With support at $155.55 and resistance at $158.9. This leaves Monero 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 normally used for payments. Depending on the cryptocurrency, the use of these payments can vary from general use in the digital money subclass to more specific uses in some other subclasses.
