ZUM TOKEN (ZUM) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Friday, the crypto has declined 1.74% to $0.0000223785186.
InvestorsObserver gives ZUM TOKEN a high volatility rank of 99, placing it in the top 1% of cryptos on the market.
The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day.
ZUM’s high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.
ZUM TOKEN price is well positioned going forward. With support at $0.0000217538004861026 and resistance at $0.0000228342347170738. This positions ZUM TOKEN with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.