NFT Index (NFTI) Up 4.96% Sunday: What’s Next? – InvestorsObserver

nft-index-(nfti)-up-4.96%-sunday:-what’s-next?-–-investorsobserver

News Home

Sunday, June 19, 2022 01:42 PM | InvestorsObserver Analysts

NFT Index (NFTI) Up 4.96% Sunday: What's Next?

NFT Index (NFTI) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Art, Collectibles and Non-Fungible Tokens has increased 4.96% to $449.24.

volatility - 33

InvestorsObserver is giving NFT Index a 33 Volatility Rank. Find out what this means to you and get the rest of the rankings on NFT Index!

Moderately Volatile

InvestorsObserver gives NFT Index a moderate volatility rank of 33, placing it in the bottom 33% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. NFTI’s moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

NFT Index price is trading near resistance. With support around $390.12 and resistance around $465.22. This leaves NFT Index with potential selling pressures ahead as it may be getting over extended.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency’s blockchain.

Stay In The Know

Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.

You May Also Like

Leave a Reply

Your email address will not be published.