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Floki Inu (FLOKI) Falls 0.08%, Underperforms the Crypto Market Monday

Monday, December 20, 2021 06:20 AM | InvestorsObserver Analysts
Floki Inu (FLOKI) Falls 0.08%, Underperforms the Crypto Market Monday

Floki Inu (FLOKI) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the crypto has dropped 8.2% to $0.0001088504938.

volatility - 51
InvestorsObserver is giving Floki Inu a 51 Volatility Rank. Find out what this means to you and get the rest of the rankings on Floki Inu!

Moderately Volatile

InvestorsObserver gives Floki Inu a moderate volatility rank of 51, placing it in the top 49% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. FLOKI's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Floki Inu price is in a favorable position going forward. With support near $0.000103439020381966 and resistance set at $0.000112150146083632. This leaves Floki Inu with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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