Zilliqa (ZIL) Down 0.07% Tuesday: What's Next?

Tuesday, April 12, 2022 02:23 PM | InvestorsObserver Analysts

Zilliqa (ZIL) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Distributed Software Platform has declined 6.53% to $0.1082695746.

InvestorsObserver is giving Zilliqa a 52 Volatility Rank. Find out what this means to you and get the rest of the rankings on Zilliqa!

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Moderately Volatile

InvestorsObserver gives Zilliqa a moderate volatility rank of 52, placing it in the top 48% of cryptos on the market.

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

Zilliqa price is favorably positioned going forward. With support set at $0.0976443477097486 and resistance set at $0.117624770862195. This leaves Zilliqa 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.