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

Wednesday, June 29, 2022 06:44 PM | InvestorsObserver Analysts

FTX Token (FTT) has been relatively less volatile when compared to other cryptocurrencies. So far Wednesday, the Derivatives has lost 3.5% to $24.97.

InvestorsObserver is giving FTX Token a 20 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 20, placing it in the bottom 20% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. 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 well positioned going forward. With support around $23.9 and resistance at $26.05. This leaves FTX Token with room to run before facing selling pressures.