Pax Dollar (USDP) Rises 0.22%, Outperforms the Crypto Market Tuesday

Tuesday, July 18, 2023 01:08 PM | InvestorsObserver Analysts

Pax Dollar (USDP) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the Stablecoins has increased 0.22% to $0.9954541906.

InvestorsObserver is giving Pax Dollar a 4 Volatility Rank. Find out what this means to you and get the rest of the rankings on Pax Dollar!

Low Volatility

InvestorsObserver gives Pax Dollar a low volatility rank of 4, placing it in the bottom 4% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. USDP's low volatility reading comes 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.

Pax Dollar price is in a good position going forward. With support near $0.98976852654025 and resistance around $0.998290619836301. This leaves Pax Dollar 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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