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

Tuesday, September 20, 2022 07:14 PM | InvestorsObserver Analysts

Freicoin (FRC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the crypto has lost 3.6% to $0.002264512667.

InvestorsObserver is giving Freicoin a 63 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 63, placing it in the top 37% of cryptos on the market.

The Volatility Gauge follows 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 $0.00214286163499037 and resistance near $0.0022927610301731. 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.