FirstCoin (FRST), Low Volatility but Falling Tuesday: Is it Time to Cash Out?

Tuesday, September 13, 2022 06:26 AM | InvestorsObserver Analysts

FirstCoin (FRST) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the crypto has declined 0.03% to $0.0005596291646.

InvestorsObserver is giving FirstCoin a 22 Volatility Rank. Find out what this means to you and get the rest of the rankings on FirstCoin!

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Low Volatility

InvestorsObserver gives FirstCoin a low volatility rank of 22, placing it in the bottom 22% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. FRST'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.

FirstCoin price is in a good position going forward. With support at $0.000551193269500112 and resistance at $0.00056825969747228. This positions FirstCoin with room to run before facing selling pressures.

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.