FTX Token (FTT) Up 4.52% Wednesday: What's Next?

Wednesday, July 20, 2022 11:17 AM | InvestorsObserver Analysts

FTX Token (FTT) has been relatively less volatile compared to the crypto market. So far Wednesday, the Derivatives has advanced 4.52% to $30.01.

InvestorsObserver is giving FTX Token a 22 Volatility Rank. Find out what this means to you and get the rest of the rankings on FTX Token!

See Full Report

Low Volatility

InvestorsObserver gives FTX Token a low volatility rank of 22, placing it in the bottom 22% of cryptos on the market.

The Volatility Gauge takes into account 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 trading above resistance. With support around $27.81 and resistance at $29.9. This positions FTX Token out of range and potentially in a volatile position if the rally burns out.