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Zero Utility Token (ZUT) Rises 1.3%, Underperforms the Crypto Market Thursday

Thursday, April 28, 2022 08:39 AM | InvestorsObserver Analysts
Zero Utility Token (ZUT) Rises 1.3%, Underperforms the Crypto Market Thursday

Zero Utility Token (ZUT) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the Art, Collectibles and Non-Fungible Tokens has added 1.3% to $262.31.

volatility - 15
InvestorsObserver is giving Zero Utility Token a 15 Volatility Rank. Find out what this means to you and get the rest of the rankings on Zero Utility Token!

Low Volatility

InvestorsObserver gives Zero Utility Token a low volatility rank of 15, placing it in the bottom 15% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. ZUT's low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.

Zero Utility Token price is trading near resistance. With support set at $253.24 and resistance set at $263.05. This positions Zero Utility Token with potential selling pressures ahead as it may be getting over extended.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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