Feathercoin (FTC) Rises 0.96%, Underperforms the Crypto Market Sunday

Sunday, February 25, 2024 06:41 AM | InvestorsObserver Analysts

Feathercoin (FTC) has been relatively more volatile when compared to other cryptocurrencies. So far Sunday, the Digital Money has added 0.96% to $0.003194864471.

InvestorsObserver is giving Feathercoin a 86 Volatility Rank. Find out what this means to you and get the rest of the rankings on Feathercoin!
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Highly Volatile

InvestorsObserver gives Feathercoin a high volatility rank of 86, placing it in the top 14% of cryptos on the market.

The Volatility Gauge analyzes meaning that one day won't make or break its rank. FTC's high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

Feathercoin price is favorably positioned going forward. With support near $0.00304521105692443 and resistance set at $0.00327707079679427. This leaves Feathercoin with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.

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