FYDcoin (FYD) Falls 0.57%, Underperforms the Crypto Market Tuesday

Tuesday, June 06, 2023 10:57 AM | InvestorsObserver Analysts

FYDcoin (FYD) has been relatively more volatile when compared to other cryptocurrencies. So far Tuesday, the Digital Money has lost 57.27% to $0.0001533854764.

InvestorsObserver is giving FYDcoin a 80 Volatility Rank. Find out what this means to you and get the rest of the rankings on FYDcoin!

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Highly Volatile

InvestorsObserver gives FYDcoin a high volatility rank of 80, placing it in the top 20% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. FYD's high volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

FYDcoin price is in a favorable position going forward. With support at $0.0000921057513011759 and resistance around $0.000284865542690284. This leaves FYDcoin with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.