FTX Token (FTT) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the Derivatives has fallen 1.6% to $45.09.
Low Volatility
InvestorsObserver gives FTX Token a low volatility rank of 14, placing it in the bottom 14% 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.
FTT’s low volatility reading pairs 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 favorably positioned going forward. With support at $43.83 and resistance around $45.69. This positions FTX Token with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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