Zcash (ZEC) Rises 2.03%, Outperforms the Crypto Market Tuesday

Tuesday, February 08, 2022 01:32 PM | InvestorsObserver Analysts

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.

InvestorsObserver is giving Zcash a 22 Volatility Rank. Find out what this means to you and get the rest of the rankings on Zcash!

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Low Volatility

InvestorsObserver 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.

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.