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

Saturday, November 05, 2022 08:42 AM | InvestorsObserver Analysts

Zetacoin (ZET) has been relatively less volatile when compared to other cryptocurrencies. So far Saturday, the crypto has gained 3.68% to $0.001065362375.

InvestorsObserver is giving Zetacoin a 17 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 17, placing it in the bottom 17% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. ZET's low volatility reading comes 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 trading above resistance. With support near $0.00100447366720952 and resistance around $0.00105555077324576. This positions Zetacoin 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.