Fetch.ai (FET) Up 4.45% Thursday: What's Next?

Thursday, March 28, 2024 07:46 AM | InvestorsObserver Analysts

Fetch.ai (FET) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has gained 4.45% to $3.36.

InvestorsObserver is giving Fetch.ai a 58 Volatility Rank. Find out what this means to you and get the rest of the rankings on Fetch.ai!

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Moderately Volatile

InvestorsObserver gives Fetch.ai a moderate volatility rank of 58, placing it in the top 42% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. FET's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Fetch.ai price is trading near resistance. With support near $2.91 and resistance around $3.42. This leaves Fetch.ai 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.