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Tuesday, December 07, 2021 10:39 AM | InvestorsObserver Analysts

FTX Token (FTT), Low Volatility but Rising Tuesday: Is it Time to Cash Out?

FTX Token (FTT) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the Derivatives has advanced 6.34% to $44.05.

volatility - 9
InvestorsObserver is giving FTX Token a 9 Volatility Rank. Find out what this means to you and get the rest of the rankings on FTX Token!

Low Volatility

InvestorsObserver gives FTX Token a low volatility rank of 9, placing it in the bottom 9% of cryptos on the market. The Volatility Gauge tracks the previous 60 days, meaning that one day won’t make or break the score.

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 $39.6 and resistance set at $43.8. 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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