Phoenixcoin (PXC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has fallen 2.2% to $0.006113806779.
The Volatility Gauge takes into account meaning that one day won’t make or break its rank.
PXC’s moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Phoenixcoin price is trading near resistance. With support near $0.00601440397152657 and resistance at $0.00612183249616975. This positions Phoenixcoin with potential selling pressures ahead as it may be getting over extended.