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

Wednesday, August 24, 2022 06:15 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 Wednesday, the Derivatives has advanced 0.12% to $27.82.

InvestorsObserver is giving FTX Token a 21 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 21, placing it in the bottom 21% of cryptos on the market.

The Volatility Gauge analyzes meaning that one day won't make or break its rank. 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 $27.17 and resistance around $28.19. This positions FTX Token with room to run before facing selling pressures.