FTX Token (FTT) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the Derivatives has advanced 4.31% to $41.4.
Low Volatility
InvestorsObserver gives FTX Token a low volatility rank of 10, placing it in the bottom 10% of cryptos on the market.
The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day.
FTT’s low volatility reading is coupled 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 $38.35 and resistance at $40.46. 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.
