FTX Token (FTT) has been relatively less volatile compared to the crypto market. So far Sunday, the Derivatives has dropped 4.63% to $41.67.
Low Volatility
InvestorsObserver gives FTX Token a low volatility rank of 19, placing it in the bottom 19% of cryptos on the market.
The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day.
FTT’s low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.
FTX Token price is trading above resistance. With support around $40.39 and resistance set at $41.66. This leaves FTX Token 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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