Celo Dollar (CUSD), Low Volatility but Falling Sunday: Is it Time to Cash Out?

Sunday, February 05, 2023 02:16 PM | InvestorsObserver Analysts

Celo Dollar (CUSD) has been relatively less volatile compared to the crypto market. So far Sunday, the Stablecoins has lost 0.29% to $0.9950600845.

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

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Low Volatility

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

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. CUSD'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.

Celo Dollar price is well positioned going forward. With support around $0.987025474837226 and resistance at $1. This leaves Celo Dollar with room to run before facing selling pressures.