ZENZO (ZNZ), High Volatility and Rising Monday: Is it Time to Cash Out?

Monday, June 27, 2022 07:21 PM | InvestorsObserver Analysts

ZENZO (ZNZ) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Monday, the crypto has advanced 74.26% to $0.01033834994.

InvestorsObserver is giving ZENZO a 89 Volatility Rank. Find out what this means to you and get the rest of the rankings on ZENZO!

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Highly Volatile

InvestorsObserver gives ZENZO a high volatility rank of 89, placing it in the top 11% 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. ZNZ's high volatility reading is paired 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.

ZENZO price is trading above resistance. With support around $0.00324199641060648 and resistance at $0.00941423758801637. This positions ZENZO 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.