Phoenix Token (PHX) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the crypto has dropped 1.29% to $0.001579986722.
The Volatility Gauge analyzes meaning that one day won’t make or break its rank.
PHX’s moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.
Phoenix Token price is well positioned going forward. With support near $0.00154945039146436 and resistance at $0.00159108994019074. This positions Phoenix Token with room to run before facing selling pressures.