ZumCoin (ZUM) Rises 0.01%, Underperforms the Crypto Market Thursday

Thursday, March 28, 2024 06:21 AM | InvestorsObserver Analysts

ZumCoin (ZUM) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the crypto has gained 0.01% to $0.00006706483588.

InvestorsObserver is giving ZumCoin a 12 Volatility Rank. Find out what this means to you and get the rest of the rankings on ZumCoin!

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Low Volatility

InvestorsObserver gives ZumCoin a low volatility rank of 12, placing it in the bottom 12% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. ZUM's low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

ZumCoin price is in a good position going forward. With support set at $0.0000669205508789047 and resistance around $0.00006721607844932. This leaves ZumCoin 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.