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ZUM TOKEN (ZUM) Falls 0.02%, Outperforms the Crypto Market Friday

Friday, January 14, 2022 08:33 AM | InvestorsObserver Analysts
ZUM TOKEN (ZUM) Falls 0.02%, Outperforms the Crypto Market Friday

ZUM TOKEN (ZUM) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Friday, the crypto has declined 1.74% to $0.0000223785186.

volatility - 99
InvestorsObserver is giving ZUM TOKEN a 99 Volatility Rank. Find out what this means to you and get the rest of the rankings on ZUM TOKEN!

Highly Volatile

InvestorsObserver gives ZUM TOKEN a high volatility rank of 99, placing it in the top 1% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. ZUM's high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

ZUM TOKEN price is well positioned going forward. With support at $0.0000217538004861026 and resistance at $0.0000228342347170738. This positions ZUM TOKEN with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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