Zilliqa (ZIL) Up 7.82% Saturday: What's Next?

Saturday, June 25, 2022 06:40 AM | InvestorsObserver Analysts

Zilliqa (ZIL) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the Distributed Software Platform has increased 7.82% to $0.0494237073.

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 tracks meaning that one day won't make or break its rank. 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 trading near resistance. With support at $0.0417532179292802 and resistance set at $0.0494794327553872. This positions Zilliqa with potential selling pressures ahead as it may be getting over extended.

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.