Stellar (XLM) has been relatively less volatile compared to the crypto market. So far on Monday, digital money is down 5.58% to $0.2463500774.
Investors Stellar gives it a low volatility rating of 12, which puts it in the lowest 12% of the cryptocurrencies in the market.
The volatility meter takes into account that this makes its score specific to recent trends, not a bad day. The low volatility reading for XLM is coupled with a low risk/reward reading, which means that the currency has relatively tight price swings and is well protected from price gouging.
Stellar price is trading near the resistance level. With support near $0.237414548573677 and resistance near $0.246424714503471. This leaves Stellar with potential selling pressure going forward as it may be extended.
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.