Factom (FCT) Up 62.14% Tuesday: What's Next?

Tuesday, July 12, 2022 12:59 PM | InvestorsObserver Analysts

Factom (FCT) has been relatively more volatile when compared to other cryptocurrencies. So far Tuesday, the crypto has increased 62.14% to $0.298736045.

InvestorsObserver is giving Factom a 88 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 88, placing it in the top 12% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. 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 trading above resistance. With support at $0.138360534073073 and resistance around $0.272118497849662. This leaves Factom out of range and potentially in a volatile position if the rally burns out.

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.