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

Tuesday, November 15, 2022 09:04 AM | InvestorsObserver Analysts

Fire Lotto (FLOT) has been relatively more volatile when compared to other cryptocurrencies. So far Tuesday, the crypto has lost 2.48% to $0.0005281356191.

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 takes into account this makes its score defined by recent trends, rather than a bad day. FLOT's high volatility reading is paired 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 well positioned going forward. With support at $0.000503776959109346 and resistance at $0.000545218077919672. This positions Fire Lotto with room to run before facing selling pressures.