Liquity USD (LUSD) Rises 0.03%, Underperforms the Crypto Market Wednesday

Wednesday, March 22, 2023 11:02 AM | InvestorsObserver Analysts

Liquity USD (LUSD) has been relatively less volatile when compared to other cryptocurrencies. So far Wednesday, the Stablecoins has gained 0.03% to $1.01.

InvestorsObserver is giving Liquity USD a 3 Volatility Rank. Find out what this means to you and get the rest of the rankings on Liquity USD!

Low Volatility

InvestorsObserver gives Liquity USD a low volatility rank of 3, placing it in the bottom 3% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. LUSD's low volatility reading is coupled 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.

Liquity USD price is trading near resistance. With support around $1.01 and resistance near $1.01. This leaves Liquity USD with potential selling pressures ahead as it may be getting over extended.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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