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Feathercoin (FTC), High Volatility and Rising Monday: Is it Time to Cash Out?

Monday, December 04, 2023 01:13 PM | InvestorsObserver Analysts
Feathercoin (FTC), High Volatility and Rising Monday: Is it Time to Cash Out?

Feathercoin (FTC) has been relatively more volatile when compared to other cryptocurrencies. So far Monday, the Digital Money has advanced 55.43% to $0.001230369187.

volatility - 87
InvestorsObserver is giving Feathercoin a 87 Volatility Rank. Find out what this means to you and get the rest of the rankings on Feathercoin!

Highly Volatile

InvestorsObserver gives Feathercoin a high volatility rank of 87, placing it in the top 13% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won't make or break its rank. FTC'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.

Feathercoin price is trading above resistance. With support around $0.000491352210334422 and resistance near $0.00109661799487743. This leaves Feathercoin 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.

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