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Bintex Futures (BNTX), High Volatility and Rising Thursday: Is it Time to Cash Out?

Thursday, January 06, 2022 06:24 PM | InvestorsObserver Analysts
Bintex Futures (BNTX), High Volatility and Rising Thursday: Is it Time to Cash Out?

Bintex Futures (BNTX) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Decentralized Exchange has increased 68.15% to $0.6390240637.

volatility - 79
InvestorsObserver is giving Bintex Futures a 79 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bintex Futures!

Highly Volatile

InvestorsObserver gives Bintex Futures a high volatility rank of 79, placing it in the top 21% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. BNTX's high volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

Bintex Futures price is trading above resistance. With support near $0.139959216220431 and resistance set at $0.580155313117557. This positions Bintex Futures out of range and potentially in a volatile position if the rally burns out.

What is a Token?

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

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