Phantomx (PNX) Rises 4.2%, Underperforms the Crypto Market Sunday

Phantomx (PNX) has been relatively more volatile than the crypto market according to a recent market analysis. So far on Sunday, the cryptocurrency advanced 4.2% to $0.0007205915844.

Investors Phantomx gives a flip rank of 83. Find out what this means for you and get the rest of the rankings on Phantomx!

very volatile

Investors Phantomx gives a high volatility rating of 83, which puts it on the list of the top 17% of cryptocurrencies in the market.

This volatility metric takes into account this means that the ranking represents its recent trends and is not overly affected by a sudden spike – or two – in volatility. PNX’s high volatility reading comes with a low risk/reward scale reading, which means that the currency has relatively wide price swings and is well protected from price manipulation.

Phantomx price is trading above the resistance level. With support around $0.000682088180566913 and resistance at $0.000708625460630989. This puts Phantomx out of range and potentially in choppy mode if the rally stops.

What is the currency?

A coin is a cryptocurrency that is on its own blockchain. These are commonly used for payments. Depending on the cryptocurrency, the use of these payments may vary from general use in the digital money sub-category to more specific uses in some other sub-category.