Zenon (ZNN), High Volatility and Rising Thursday: Is it Time to Cash Out?

Thursday, January 13, 2022 02:40 PM | InvestorsObserver Analysts

Zenon (ZNN) has been relatively more volatile when compared to other cryptocurrencies. So far Thursday, the crypto has added 0.59% to $15.16.

InvestorsObserver is giving Zenon a 99 Volatility Rank. Find out what this means to you and get the rest of the rankings on Zenon!

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Highly Volatile

InvestorsObserver gives Zenon a high volatility rank of 99, placing it in the top 1% 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. ZNN's high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

Zenon price is in a favorable position going forward. With support around $13.95 and resistance near $16.26. This positions Zenon 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.