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Zynecoin (ZYN) Receives a Bullish Rating Monday: Is it Time to Get on Board?

Monday, January 24, 2022 07:34 AM | InvestorsObserver Analysts
Zynecoin (ZYN) Receives a Bullish Rating Monday: Is it Time to Get on Board?

Zynecoin (ZYN) gets a bullish rating from InvestorsObserver Monday. The coin is up 6.41% to $0.4358307439 while the broader crypto market is down 7.86%.

Sentiment Score - ,
Zynecoin has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Zynecoin!

Bullish

Over the last five days, Zynecoin has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Zynecoin over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Zynecoin is currently trading near its midpoint for the past five-days. The coin is 12.71% off its five-day high and is 17.43% higher than its five-day low of $0.371155351400375.

Zynecoin price is currently above resistance. With support set around $0.392034081205297 and resistance at $0.432003346666265, Zynecoin is potentially in a volatile position if the rally burns out.

Zynecoin has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

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 use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Zynecoin

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