Freicoin (FRC) Falls 0.04%, Underperforms the Crypto Market Friday

Friday, May 20, 2022 06:05 PM | InvestorsObserver Analysts

Freicoin (FRC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has declined 3.51% to $0.004379039386.

InvestorsObserver is giving Freicoin a 39 Volatility Rank. Find out what this means to you and get the rest of the rankings on Freicoin!

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Moderately Volatile

InvestorsObserver gives Freicoin a moderate volatility rank of 39, placing it in the bottom 39% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. FRC's moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Freicoin price is trading near resistance. With support around $0.0041697228299609 and resistance near $0.00442799208407911. This leaves Freicoin with potential selling pressures ahead as it may be getting over extended.

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.