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FTX Token (FTT) Up 6.68% Tuesday: What's Next?

Tuesday, August 30, 2022 06:05 AM | InvestorsObserver Analysts
FTX Token (FTT) Up 6.68% Tuesday: What's Next?

FTX Token (FTT) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the Derivatives has increased 6.68% to $27.54.

volatility - 20
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!

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 takes into account which means that one day won't define its volatility rank - a trend will. 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 near $25 and resistance near $27.01. This positions FTX Token out of range and potentially in a volatile position if the rally burns out.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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