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

Tuesday, July 12, 2022 11:44 AM | 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 1.6% to $0.03743126663.

InvestorsObserver is giving Zilliqa a 44 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 44, placing it in the bottom 44% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. ZIL's moderate volatility reading pairs 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 around $0.0359172890825248 and resistance set at $0.0385195794446444. This positions 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.