Filecoin (FIL) has been relatively less volatile compared to the crypto market. So far Friday, the Distributed Software Platform has dropped 3.6% to $33.92.
InvestorsObserver is giving Filecoin a 12 Volatility Rank. Find out what this means to you and get the rest of the rankings on Filecoin!
Low VolatilityInvestorsObserver gives Filecoin a low volatility rank of 12, placing it in the bottom 12% of cryptos on the market.
The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. FIL's low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Filecoin price is favorably positioned going forward. With support set at $32.14 and resistance around $34.59. This leaves Filecoin with room to run before facing selling pressures.