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

Friday, January 13, 2023 03:29 PM | InvestorsObserver Analysts

Zilliqa (ZIL) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Distributed Software Platform has increased 9.69% to $0.02591333773.

InvestorsObserver is giving Zilliqa a 31 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 31, placing it in the bottom 31% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. ZIL'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.

Zilliqa price is trading above resistance. With support around $0.0227867385659839 and resistance set at $0.0243350306813146. This leaves Zilliqa 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.