NFTLootBox (LOOT), High Volatility and Rising Saturday: Is it Time to Cash Out?
Saturday, January 29, 2022 12:04 PM | InvestorsObserver Analysts
NFTLootBox (LOOT) has been relatively more volatile compared to the crypto market. So far Saturday, the Art, Collectibles and Non-Fungible Tokens has advanced 15.04% to $38.95.
InvestorsObserver is giving NFTLootBox a 98 Volatility Rank. Find out what this means to you and get the rest of the rankings on NFTLootBox!
InvestorsObserver gives NFTLootBox a high volatility rank of 98, placing it in the top 2% of cryptos on the market.
The Volatility Gauge tracks meaning that one day won't make or break its rank.
LOOT's high volatility reading pairs 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 trading above resistance. With support near $30.83 and resistance set at $35.97. This leaves NFTLootBox 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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