Friendz (FDZ), High Volatility and Rising Wednesday: Is it Time to Cash Out?

Wednesday, February 01, 2023 06:03 PM | InvestorsObserver Analysts

Friendz (FDZ) has been relatively more volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has gained 37.2% to $0.0004588726098.

InvestorsObserver is giving Friendz a 80 Volatility Rank. Find out what this means to you and get the rest of the rankings on Friendz!

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Highly Volatile

InvestorsObserver gives Friendz a high volatility rank of 80, placing it in the top 20% of cryptos on the market.

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

Friendz price is trading above resistance. With support near $0.000291095106632445 and resistance set at $0.000408925544007678. This leaves Friendz out of range and potentially in a volatile position if the rally burns out.