Is Zilla (ZLA) Trending Lower or Higher Thursday?

Thursday, January 20, 2022 06:45 PM | InvestorsObserver Analysts

InvestorsObserver gives Zilla a strong short-term technical score of 76 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. ZLA has currently traded better than 76% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Zilla a 76 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Zilla!

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Trading Analysis

ZLA is currently $0.001405 (61.10%) above its 30-day low of $0.002299404 and -$0.005927 (-61.54%) below its 30-day high of $0.00963113. Additionally, ZLA is above its average price of $0.003588267 over the past month of trading with its current price of $0.003704430. Overall, the recent trading history of Zilla suggest that traders are currently bullish on the token. ZLA has a low market cap compared to the majority of tokens with a total market value of $222,265.79. Zilla's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Zilla's average volume is low as $3,193.84 worth of the token is typically traded over a 24 hour period. ZLA's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. Over the past 24 hours ZLA's volume is below its average with $495.42 exchanged.

Summary

Zilla's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future. Click Here to get the full Report on Zilla (ZLA).