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

Sunday, August 28, 2022 04:43 PM | InvestorsObserver Analysts

FirstCoin (FRST) has been relatively less volatile compared to the crypto market. So far Sunday, the crypto has gained 0.63% to $0.000490659242.

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 follows meaning that one day won't make or break its rank. 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 favorably positioned going forward. With support around $0.000480312367202569 and resistance set at $0.000497040579560999. This leaves 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.