Florin (XFL), High Volatility and Rising Tuesday: Is it Time to Cash Out?

Tuesday, January 25, 2022 03:21 PM | InvestorsObserver Analysts

Florin (XFL) has been relatively more volatile compared to the crypto market. So far Tuesday, the crypto has increased 57.83% to $59.74.

InvestorsObserver is giving Florin a 87 Volatility Rank. Find out what this means to you and get the rest of the rankings on Florin!

See Full Report

Highly Volatile

InvestorsObserver gives Florin a high volatility rank of 87, placing it in the top 13% of cryptos on the market.

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

Florin price is trading above resistance. With support near $31.29 and resistance around $50.5. This leaves Florin 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.