USDD (USDD) Rises 0.08%, Outperforms the Crypto Market Thursday

Thursday, June 15, 2023 01:59 PM | InvestorsObserver Analysts

USDD (USDD) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Stablecoins has gained 0.08% to $0.9994649922.

InvestorsObserver is giving USDD a 2 Volatility Rank. Find out what this means to you and get the rest of the rankings on USDD!

Low Volatility

InvestorsObserver gives USDD a low volatility rank of 2, placing it in the bottom 2% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. USDD'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.

USDD price is in a good position going forward. With support at $0.994847861517502 and resistance set at $1. This leaves USDD 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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