Stellar (XLM) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Sunday, the Digital Money has increased 0.63% to $0.2892603994.
InvestorsObserver gives Stellar a low volatility rank of 12, placing it in the bottom 12% of cryptos on the market.
The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day.
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 well positioned going forward. With support around $0.277973654245084 and resistance at $0.295803459857648. 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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