ZClassic (ZCL) Falls 0.05%, Underperforms the Crypto Market Wednesday

Wednesday, December 06, 2023 07:51 AM | InvestorsObserver Analysts

ZClassic (ZCL) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the crypto has fallen 4.79% to $0.07172640103.

InvestorsObserver is giving ZClassic a 43 Volatility Rank. Find out what this means to you and get the rest of the rankings on ZClassic!

Moderately Volatile

InvestorsObserver gives ZClassic a moderate volatility rank of 43, placing it in the bottom 43% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. ZCL'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.

ZClassic price is in a favorable position going forward. With support around $0.0629703053766053 and resistance near $0.0822116011315148. This leaves ZClassic with room to run before facing selling pressures.

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.

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