ZClassic (ZCL) Rises 0.88%, Underperforms the Crypto Market Monday

Monday, November 20, 2023 05:21 PM | InvestorsObserver Analysts

ZClassic (ZCL) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the crypto has advanced 0.88% to $0.0765258946.

InvestorsObserver is giving ZClassic a 51 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 51, placing it in the top 49% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. ZCL's moderate volatility reading pairs 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 trading near resistance. With support around $0.0747567052902272 and resistance set at $0.0769081647457173. This positions ZClassic 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.

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