Filecoin (FIL) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Distributed Software Platform has dropped 1.64% to $4.82.
InvestorsObserver is giving Filecoin a 27 Volatility Rank. Find out what this means to you and get the rest of the rankings on Filecoin!
Moderately Volatile
InvestorsObserver gives Filecoin a moderate volatility rank of 27, placing it in the bottom 27% of cryptos on the market.The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. FIL's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Filecoin price is in a good position going forward. With support around $4.71 and resistance set at $4.87. This positions Filecoin with room to run before facing selling pressures.