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.
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.