FTX Token (FTT), Low Volatility but Falling Monday: Is it Time to Cash Out?

Monday, July 25, 2022 12:32 PM | InvestorsObserver Analysts

FTX Token (FTT) has been relatively less volatile compared to the crypto market. So far Monday, the Derivatives has lost 3.62% to $28.06.

InvestorsObserver is giving FTX Token a 24 Volatility Rank. Find out what this means to you and get the rest of the rankings on FTX Token!

Low Volatility

InvestorsObserver gives FTX Token a low volatility rank of 24, placing it in the bottom 24% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. FTT's low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.

FTX Token price is favorably positioned going forward. With support around $27.09 and resistance around $28.38. This positions FTX Token with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

Share this article: