Factom (FCT) Falls 0.44%, Underperforms the Crypto Market Sunday

Sunday, June 19, 2022 08:38 AM | InvestorsObserver Analysts

Factom (FCT) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Sunday, the crypto has dropped 43.83% to $0.1524550531.

InvestorsObserver is giving Factom a 82 Volatility Rank. Find out what this means to you and get the rest of the rankings on Factom!

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Highly Volatile

InvestorsObserver gives Factom a high volatility rank of 82, placing it in the top 18% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. FCT's high volatility reading pairs 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.

Factom price is in a good position going forward. With support set at $0.0640681097997547 and resistance set at $0.223262147117984. This leaves Factom 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.