Zcash (ZEC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the Digital Money has increased 2.03% to $129.95.
Low VolatilityInvestorsObserver gives Zcash a low volatility rank of 22, placing it in the bottom 22% of cryptos on the market.
The Volatility Gauge follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. ZEC'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.
Zcash price is trading near resistance. With support set at $122.46 and resistance around $131.38. This leaves Zcash with potential selling pressures ahead as it may be getting over extended.