FirstCoin (FRST) Up 3.07% Tuesday: What's Next?

Tuesday, August 23, 2022 10:49 AM | InvestorsObserver Analysts

FirstCoin (FRST) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the crypto has added 3.07% to $0.0005354900899.

InvestorsObserver is giving FirstCoin a 21 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 21, placing it in the bottom 21% of cryptos on the market.

The Volatility Gauge follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. FRST's low volatility reading pairs 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 trading above resistance. With support set at $0.000508489214060382 and resistance near $0.000530821689115391. This positions 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.