FIBOS (FO) has been relatively more volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has increased 17.85% to $0.001474940314.
Highly Volatile
InvestorsObserver gives FIBOS a high volatility rank of 93, placing it in the top 7% of cryptos on the market.
The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day.
FO's high volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.
FIBOS price is trading near resistance. With support near $0.00100113997299729 and resistance around $0.00160049575910477. This positions FIBOS with potential selling pressures ahead as it may be getting over extended.
What is a Coin?
A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.
