FUZE Token (FUZE) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Thursday, the crypto has advanced 29.13% to $10.46.
InvestorsObservergives FUZE Token a high volatility rank of 86, placing it in the top 14% of cryptos on the market.
The Volatility Gauge follows this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
FUZE’s high volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.
FUZE Token price is trading above resistance. With support at $7.14 and resistance set at $9.85. This positions FUZE 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.