FTX Token (FTT), Low Volatility but Falling Tuesday: Is it Time to Cash Out?

Tuesday, August 09, 2022 03:13 PM | InvestorsObserver Analysts

FTX Token (FTT) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the Derivatives has fallen 6.07% to $29.71.

InvestorsObserver is giving FTX Token a 23 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 23, placing it in the bottom 23% 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 $28.25 and resistance set at $29.94. This leaves FTX Token with potential selling pressures ahead as it may be getting over extended.