UniMex Network (UMX) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Saturday, the crypto has lost 1.05% to $0.04366794933.
Highly Volatile
InvestorsObserver gives UniMex Network a high volatility rank of 98, placing it in the top 2% of cryptos on the market.
The Volatility Gauge takes into account which means that one day won’t define its volatility rank – a trend will.
UMX’s high volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.
UniMex Network price is favorably positioned going forward. With support near $0.0425981768536824 and resistance set at $0.0442059264648216. This leaves UniMex Network with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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