Zetacoin (ZET) Falls 0.05%, Underperforms the Crypto Market Tuesday

Tuesday, July 26, 2022 04:13 PM | InvestorsObserver Analysts

Zetacoin (ZET) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the crypto has declined 5.35% to $0.0008367960643.

InvestorsObserver is giving Zetacoin a 56 Volatility Rank. Find out what this means to you and get the rest of the rankings on Zetacoin!

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Moderately Volatile

InvestorsObserver gives Zetacoin a moderate volatility rank of 56, placing it in the top 44% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. ZET's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Zetacoin price is trading near resistance. With support near $0.000797189525091494 and resistance at $0.000848688636669362. This leaves Zetacoin with potential selling pressures ahead as it may be getting over extended.

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.