Fantom (FTM) Falls 0.06%, Underperforms the Crypto Market Friday

Friday, August 26, 2022 11:27 AM | InvestorsObserver Analysts

Fantom (FTM) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Distributed Software Platform has lost 6.41% to $0.2894636975.

InvestorsObserver is giving Fantom a 46 Volatility Rank. Find out what this means to you and get the rest of the rankings on Fantom!

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Moderately Volatile

InvestorsObserver gives Fantom a moderate volatility rank of 46, placing it in the bottom 46% of cryptos on the market.

The Volatility Gauge analyzes meaning that one day won't make or break its rank. FTM's moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Fantom price is trading near resistance. With support around $0.277063769511124 and resistance set at $0.292216074875733. This positions Fantom with potential selling pressures ahead as it may be getting over extended.

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.