Zetacoin (ZET), Low Volatility but Falling Thursday: Is it Time to Cash Out?

Thursday, November 10, 2022 08:56 AM | InvestorsObserver Analysts

Zetacoin (ZET) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the crypto has fallen 1.86% to $0.0006917645274.

InvestorsObserver is giving Zetacoin a 20 Volatility Rank. Find out what this means to you and get the rest of the rankings on Zetacoin!

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Low Volatility

InvestorsObserver gives Zetacoin a low volatility rank of 20, placing it in the bottom 20% of cryptos on the market.

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

Zetacoin price is favorably positioned going forward. With support set at $0.000623087428067413 and resistance set at $0.000739398150727686. This positions Zetacoin with room to run before facing selling pressures.

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.