Zero Utility Token (ZUT) Falls 0.05%, Underperforms the Crypto Market Tuesday

Tuesday, August 02, 2022 07:00 AM | InvestorsObserver Analysts

Zero Utility Token (ZUT) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Art, Collectibles and Non-Fungible Tokens has fallen 4.85% to $48.27.

InvestorsObserver is giving Zero Utility Token a 46 Volatility Rank. Find out what this means to you and get the rest of the rankings on Zero Utility Token!

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Moderately Volatile

InvestorsObserver gives Zero Utility Token a moderate volatility rank of 46, placing it in the bottom 46% of cryptos on the market.

The Volatility Gauge analyzes meaning that one day won't make or break its rank. ZUT's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Zero Utility Token price is trading near resistance. With support near $46.23 and resistance around $48.82. This positions Zero Utility Token with potential selling pressures ahead as it may be getting over extended.