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Cryptocurrency News Articles
ZEBU Soars with High Volatility in Crypto Market
Mar 22, 2024 at 07:01 pm
ZEBU's volatility has outpaced the crypto market, experiencing a 21.66% drop to $0.001103880894. Its high volatility rank (91) and low Risk/Reward Gauge indicate wide price swings and protection against manipulation. Despite the volatility, ZEBU remains favorably positioned with support at $0.000825531064725329 and resistance at $0.00140545596946668.
ZEBU Exhibits Elevated Volatility in Crypto Market
According to recent market analysis, ZEBU (ZEBU) has demonstrated comparatively higher volatility relative to the broader cryptocurrency landscape. As of Friday, the crypto has experienced a significant decline of 21.66%, reaching a current value of $0.001103880894.
Volatility Assessment
InvestorsObserver assigns ZEBU a high volatility ranking of 91, placing it within the top 9% of cryptocurrencies in the market. This Volatility Gauge signifies that the crypto's price fluctuations are not likely to be significantly impacted by a single day's performance.
Despite its high volatility, ZEBU maintains a low Risk/Reward Gauge reading. This indicates that the token exhibits relatively wide price swings but is well-protected against price manipulation.
Price Outlook
ZEBU's current price position suggests potential for further upward movement. Support levels are situated near $0.000825531064725329, while resistance is encountered around $0.00140545596946668. This provides ample room for price appreciation before encountering significant selling pressure.
Token Definition
Tokens are digital assets that operate on the blockchain of another cryptocurrency. They represent a specific use case or utility within the underlying blockchain ecosystem.
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