Nyzo (NYZO) Falls 0.32%, Underperforms the Crypto Market Sunday

Sunday, June 18, 2023 04:32 PM | InvestorsObserver Analysts

Nyzo (NYZO) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has dropped 31.65% to $0.007850645119.

InvestorsObserver is giving Nyzo a 65 Volatility Rank. Find out what this means to you and get the rest of the rankings on Nyzo!

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Moderately Volatile

InvestorsObserver gives Nyzo a moderate volatility rank of 65, placing it in the top 35% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. NYZO's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Nyzo price is favorably positioned going forward. With support at $0.00468313913846353 and resistance set at $0.0102911017468009. This leaves Nyzo 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.