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Celo Dollar (CUSD) Falls 0%, Underperforms the Crypto Market Thursday

Thursday, February 10, 2022 01:23 PM | InvestorsObserver Analysts
Celo Dollar (CUSD) Falls 0%, Underperforms the Crypto Market Thursday

Celo Dollar (CUSD) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the Stablecoins has fallen 0.16% to $0.9919460531.

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

Low Volatility

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

The Volatility Gauge takes into account meaning that one day won't make or break its rank. CUSD'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.

Celo Dollar price is favorably positioned going forward. With support at $0.989638085389295 and resistance at $0.992752070450941. This positions Celo 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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