Zero (ZER) Up 37.42% Thursday: What's Next?

Thursday, August 11, 2022 11:07 AM | InvestorsObserver Analysts

Zero (ZER) has been relatively more volatile compared to the crypto market. So far Thursday, the crypto has increased 37.42% to $0.01253299655.

InvestorsObserver is giving Zero a 95 Volatility Rank. Find out what this means to you and get the rest of the rankings on Zero!

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Highly Volatile

InvestorsObserver gives Zero a high volatility rank of 95, placing it in the top 5% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. ZER'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.

Zero price is trading above resistance. With support at $0.00783204598858326 and resistance set at $0.0113472690297601. This leaves Zero 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.