FantasyGold (FGC) Down 0.48% Tuesday: What's Next?

Tuesday, June 06, 2023 10:58 AM | InvestorsObserver Analysts

FantasyGold (FGC) has been relatively more volatile when compared to other cryptocurrencies. So far Tuesday, the crypto has lost 48.17% to $0.8358416441.

InvestorsObserver is giving FantasyGold a 94 Volatility Rank. Find out what this means to you and get the rest of the rankings on FantasyGold!

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Highly Volatile

InvestorsObserver gives FantasyGold a high volatility rank of 94, placing it in the top 6% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. FGC's high volatility reading is paired 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.

FantasyGold price is in a good position going forward. With support around $0.50044201612705 and resistance around $1.15. This positions FantasyGold 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.