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Filecoin (FIL), Low Volatility but Rising Tuesday: Is it Time to Cash Out?

Tuesday, December 21, 2021 12:07 PM | InvestorsObserver Analysts
Filecoin (FIL), Low Volatility but Rising Tuesday: Is it Time to Cash Out?

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.

volatility - 12
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 Volatility

InvestorsObserver 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.

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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