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

Sunday, January 02, 2022 02:28 PM | InvestorsObserver Analysts

FTX Token (FTT) has been relatively less volatile compared to the crypto market. So far Sunday, the Derivatives has increased 0.07% to $40.03.

InvestorsObserver is giving FTX Token a 9 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 9, placing it in the bottom 9% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. FTT's low volatility reading is coupled 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 favorably positioned going forward. With support set at $38.79 and resistance set at $40.71. This positions FTX Token with room to run before facing selling pressures.