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Tezos (XTZ), Low Volatility but Rising Wednesday: Is it Time to Cash Out?

Wednesday, January 12, 2022 09:42 AM | InvestorsObserver Analysts
Tezos (XTZ), Low Volatility but Rising Wednesday: Is it Time to Cash Out?

Tezos (XTZ) has been relatively less volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has advanced 9.17% to $4.33.

volatility - 24
InvestorsObserver is giving Tezos a 24 Volatility Rank. Find out what this means to you and get the rest of the rankings on Tezos!

Low Volatility

InvestorsObserver gives Tezos a low volatility rank of 24, placing it in the bottom 24% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. XTZ's low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

Tezos price is trading above resistance. With support at $3.88 and resistance at $4.13. This positions Tezos out of range and potentially in a volatile position if the rally burns out.

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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