ZUM TOKEN (ZUM) has been relatively more volatile when compared to other cryptocurrencies. So far Monday, the crypto has fallen 6.33% to $0.00001584750786.
InvestorsObserver gives ZUM TOKEN a high volatility rank of 98, placing it in the top 2% of cryptos on the market.
The Volatility Gauge tracks meaning that one day won’t make or break its rank.
ZUM’s high volatility reading comes 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 in a favorable position going forward. With support near $0.0000149158694495043 and resistance set at $0.0000163472485820592. 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.