Zetacoin (ZET), Moderate Volatility and Rising Friday: Is it Time to Cash Out?

Friday, August 05, 2022 05:23 PM | InvestorsObserver Analysts

Zetacoin (ZET) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has increased 2.93% to $0.0009274316294.

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 this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. ZET's moderate volatility reading is paired 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 above resistance. With support near $0.000890999498468679 and resistance at $0.000919491857447516. This leaves 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.