Polymesh (POLYX) has been relatively average in terms of volatility compared to other cryptocurrencies. So far on Saturday, the cryptocurrency has lost 10.8% to $0.166352855.
Moderately volatile
InvestorsObserver gives Polymesh a Moderate Volatility Rank of 38, putting it in the bottom 38% of cryptocurrencies on the market.
The volatility indicator takes into account which means that someday it will not define your volatility range, but a trend. POLYX's moderate volatility reading is combined with a low reading on the risk/reward indicator, meaning the token has moderate price swings and is well protected against price manipulation.
Polymesh price is in a favorable position going forward. With support around $0.130069739164767 and resistance around $0.186554587425646. This leaves Polymesh with room to run before facing selling pressures.
What is a token?
Tokens are digital assets that exist on the blockchain of another cryptocurrency.
