Freicoin (FRC) Falls 0.05%, Outperforms the Crypto Market Monday

Monday, June 05, 2023 12:14 PM | InvestorsObserver Analysts

Freicoin (FRC) has been relatively more volatile when compared to other cryptocurrencies. So far Monday, the crypto has fallen 4.94% to $0.001033929237.

InvestorsObserver is giving Freicoin a 77 Volatility Rank. Find out what this means to you and get the rest of the rankings on Freicoin!

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Highly Volatile

InvestorsObserver gives Freicoin a high volatility rank of 77, placing it in the top 23% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. FRC'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.

Freicoin price is trading above resistance. With support at $0.00101142490072502 and resistance set at $0.00102729987608595. This leaves Freicoin 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.