ZcashZEC) has been relatively less volatile compared to the crypto market. So far on Tuesday, digital money is down 4.58% to $ 147.1.
Low volatility
Observer Investors gives Zcash a low volatility range of 23, putting it in the bottom 23% of cryptocurrencies on the market.
The volatility indicator tracks the previous 60 days, which means that one day it will neither make nor break the score. ZEC's low volatility reading is paired with a low reading on the risk / reward indicator, which means that the coin has relatively tight price swings and is well protected against price manipulation.
The price of Zcash is positioned favorably in the future. With support around $ 133.93 and resistance set at $ 159.64. This leaves Zcash with room to function before facing selling pressure.
What is a coin?
A currency is a cryptocurrency that exists on its own blockchain. These are normally used for payments. Depending on the cryptocurrency, the use of those payments can range from general use in the Digital Money subclass to more specific uses in some other subclasses.
