FTX Token (FTT) Up 4.31% Wednesday: What's Next?

Wednesday, January 12, 2022 04:12 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 4.31% to $41.4.

InvestorsObserver is giving FTX Token a 10 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 10, placing it in the bottom 10% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. 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 trading above resistance. With support around $38.35 and resistance at $40.46. This leaves FTX Token out of range and potentially in a volatile position if the rally burns out.