Zero Utility Token (ZUT) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Monday, the Art, Collectibles and Non-Fungible Tokens has declined 0.46% to $320.12.
Low Volatility
InvestorsObserver gives Zero Utility Token a low volatility rank of 18, placing it in the bottom 18% of cryptos on the market.
The Volatility Gauge follows this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
ZUT’s low volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.
Zero Utility Token price is in a favorable position going forward. With support around $313.3 and resistance around $326.74. This positions Zero Utility 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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