Filecoin (FIL) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Distributed Software Platform has increased 0.88% to $6.13.
InvestorsObserver is giving Filecoin a 54 Volatility Rank. Find out what this means to you and get the rest of the rankings on Filecoin!
The Volatility Gauge tracks meaning that one day won’t make or break its rank.
FIL’s moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Filecoin price is trading near resistance. With support at $5.96 and resistance near $6.16. This positions Filecoin with potential selling pressures ahead as it may be getting over extended.