Filecoin (FIL) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the Distributed Software Platform has advanced 1.82% to $35.27.
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 trading near resistance. With support near $33.67 and resistance at $35.79. This leaves Filecoin with potential selling pressures ahead as it may be getting over extended.