NFT (NFT) Rises 2.26%, Underperforms the Crypto Market Wednesday

Wednesday, August 03, 2022 08:10 AM | InvestorsObserver Analysts

NFT (NFT) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the Art, Collectibles and Non-Fungible Tokens has gained 2.26% to $0.0000006640902091.

InvestorsObserver is giving NFT a 100 Volatility Rank. Find out what this means to you and get the rest of the rankings on NFT!

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Highly Volatile

InvestorsObserver gives NFT a high volatility rank of 100, placing it in the top 0% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. NFT's high volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

NFT price is trading near resistance. With support near $0.000000627959403879411 and resistance around $0.000000673808566568094. This leaves NFT with potential selling pressures ahead as it may be getting over extended.