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Zcash (ZEC) Falls 0.07%, Underperforms the Crypto Market Sunday

Sunday, January 09, 2022 09:43 AM | InvestorsObserver Analysts
Zcash (ZEC) Falls 0.07%, Underperforms the Crypto Market Sunday

Zcash (ZEC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Digital Money has lost 6.73% to $136.9.

volatility - 26
InvestorsObserver is giving Zcash a 26 Volatility Rank. Find out what this means to you and get the rest of the rankings on Zcash!

Moderately Volatile

InvestorsObserver gives Zcash a moderate volatility rank of 26, placing it in the bottom 26% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. ZEC'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.

Zcash price is in a favorable position going forward. With support set at $125.15 and resistance around $143.24. This positions Zcash 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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