NFT (NFT) Up 51.96% Tuesday: What's Next?

Tuesday, July 19, 2022 01:08 PM | InvestorsObserver Analysts

NFT (NFT) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Art, Collectibles and Non-Fungible Tokens has added 51.96% to $0.01980068912.

InvestorsObserver is giving NFT a 67 Volatility Rank. Find out what this means to you and get the rest of the rankings on NFT!

See Full Report

Moderately Volatile

InvestorsObserver gives NFT a moderate volatility rank of 67, placing it in the top 33% of cryptos on the market.

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

NFT price is trading above resistance. With support set at $0.0110545026348439 and resistance near $0.0169501275034157. This positions NFT out of range and potentially in a volatile position if the rally burns out.