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

Saturday, September 24, 2022 12:05 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 Saturday, the Derivatives has added 3.34% to $23.98.

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 follows 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 is paired 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 above resistance. With support around $22.77 and resistance around $23.82. This positions FTX Token out of range and potentially in a volatile position if the rally burns out.