FTX Token (FTT) Down 0.03% Thursday: What's Next?

Thursday, August 04, 2022 02:40 PM | InvestorsObserver Analysts

FTX Token (FTT) has been relatively less volatile compared to the crypto market. So far Thursday, the Derivatives has fallen 2.65% to $29.12.

InvestorsObserver is giving FTX Token a 24 Volatility Rank. Find out what this means to you and get the rest of the rankings on FTX Token!

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Low Volatility

InvestorsObserver gives FTX Token a low volatility rank of 24, placing it in the bottom 24% of cryptos on the market.

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

FTX Token price is trading near resistance. With support around $28.11 and resistance set at $29.3. This leaves FTX Token with potential selling pressures ahead as it may be getting over extended.