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Zenon (ZNN) Rises 10.14%, Outperforms the Crypto Market Friday

Friday, December 03, 2021 07:05 AM | InvestorsObserver Analysts
Zenon (ZNN) Rises 10.14%, Outperforms the Crypto Market Friday

Zenon (ZNN) has been relatively more volatile when compared to other cryptocurrencies. So far Friday, the crypto has advanced 10.14% to $34.96, reaching a five-day high.

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

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 the previous 60 days, meaning that one day won't make or break the score. 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 trading above resistance. With support around $29.99 and resistance set at $34.14. This leaves Zenon 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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