NFTLootBox (LOOT), High Volatility and Falling Thursday: Is it Time to Cash Out?

Thursday, February 03, 2022 01:09 PM | InvestorsObserver Analysts

NFTLootBox (LOOT) has been relatively more volatile when compared to other cryptocurrencies. So far Thursday, the Art, Collectibles and Non-Fungible Tokens has fallen 4.17% to $38.41.

InvestorsObserver is giving NFTLootBox a 98 Volatility Rank. Find out what this means to you and get the rest of the rankings on NFTLootBox!

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Highly Volatile

InvestorsObserver gives NFTLootBox a high volatility rank of 98, placing it in the top 2% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. LOOT's high volatility reading is coupled 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.

NFTLootBox price is well positioned going forward. With support at $36.48 and resistance at $40.14. This leaves NFTLootBox with room to run before facing selling pressures.