Safex Token (SFT), High Volatility and Rising Thursday: Is it Time to Cash Out?

Thursday, March 03, 2022 06:14 AM | InvestorsObserver Analysts

Safex Token (SFT) has been relatively more volatile when compared to other cryptocurrencies. So far Thursday, the crypto has increased 96.53% to $0.00694079638.

InvestorsObserver is giving Safex Token a 93 Volatility Rank. Find out what this means to you and get the rest of the rankings on Safex Token!

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Highly Volatile

InvestorsObserver gives Safex Token a high volatility rank of 93, placing it in the top 7% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. SFT's high volatility reading is paired 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.

Safex Token price is trading above resistance. With support around $0.0025039693645566 and resistance at $0.00553318474696868. This positions Safex Token out of range and potentially in a volatile position if the rally burns out.

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.