Zilliqa (ZIL), Moderate Volatility and Falling Thursday: Is it Time to Cash Out?

Thursday, June 30, 2022 08:00 AM | InvestorsObserver Analysts

Zilliqa (ZIL) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Distributed Software Platform has dropped 9.52% to $0.03573461187.

InvestorsObserver is giving Zilliqa a 51 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 51, placing it in the top 49% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. 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 in a favorable position going forward. With support near $0.0335443306438018 and resistance at $0.0369177635482837. 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.