Fire Lotto (FLOT), High Volatility and Falling Friday: Is it Time to Cash Out?

Friday, November 25, 2022 01:20 PM | InvestorsObserver Analysts

Fire Lotto (FLOT) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Friday, the crypto has fallen 0.52% to $0.0005038465907.

InvestorsObserver is giving Fire Lotto a 97 Volatility Rank. Find out what this means to you and get the rest of the rankings on Fire Lotto!

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Highly Volatile

InvestorsObserver gives Fire Lotto a high volatility rank of 97, placing it in the top 3% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. FLOT's high volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

Fire Lotto price is in a favorable position going forward. With support set at $0.000498449626546153 and resistance around $0.00050751896219308. This leaves Fire Lotto with room to run before facing selling pressures.