Gravity Finance (GFI) has been relatively more volatile compared to the crypto market. So far Friday, the crypto has fallen 1.3% to $0.00391813814.
InvestorsObserver gives Gravity Finance a high volatility rank of 99, placing it in the top 1% of cryptos on the market.
The Volatility Gauge follows meaning that one day won’t make or break its rank.
GFI’s high volatility reading pairs 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.
Gravity Finance price is in a good position going forward. With support set at $0.00384639716990617 and resistance at $0.00394221955262449. This positions Gravity Finance with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.