FirstCoin (FRST), Moderate Volatility and Rising Wednesday: Is it Time to Cash Out?

Wednesday, January 19, 2022 09:29 AM | InvestorsObserver Analysts

FirstCoin (FRST) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the crypto has added 17.95% to $0.001469972295.

InvestorsObserver is giving FirstCoin a 53 Volatility Rank. Find out what this means to you and get the rest of the rankings on FirstCoin!

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Moderately Volatile

InvestorsObserver gives FirstCoin a moderate volatility rank of 53, placing it in the top 47% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. FRST's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

FirstCoin price is trading above resistance. With support around $0.00116180835725526 and resistance set at $0.00141514870306263. This leaves FirstCoin out of range and potentially in a volatile position if the rally burns out.

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.