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Zero Utility Token (ZUT) Rises 6.57%, Outperforms the Crypto Market Wednesday

Wednesday, May 04, 2022 04:05 PM | InvestorsObserver Analysts
Zero Utility Token (ZUT) Rises 6.57%, Outperforms the Crypto Market Wednesday

Zero Utility Token (ZUT) has been relatively less volatile when compared to other cryptocurrencies. So far Wednesday, the Art, Collectibles and Non-Fungible Tokens has gained 6.57% to $262.86.

volatility - 13
InvestorsObserver is giving Zero Utility Token a 13 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 13, placing it in the bottom 13% of cryptos on the market.

The Volatility Gauge follows 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 above resistance. With support near $243.58 and resistance set at $252.13. This leaves Zero Utility Token out of range and potentially in a volatile position if the rally burns out.

What is a Token?

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

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