Zcash (ZEC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Digital Money has added 9.11% to $80.08.
InvestorsObserver is giving Zcash a 40 Volatility Rank. Find out what this means to you and get the rest of the rankings on Zcash!
Moderately Volatile
InvestorsObserver gives Zcash a moderate volatility rank of 40, placing it in the bottom 40% 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. ZEC's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Zcash price is trading above resistance. With support at $71.01 and resistance set at $77.81. This positions Zcash out of range and potentially in a volatile position if the rally burns out.