Celo Dollar (CUSD) Rises 0.05%, Outperforms the Crypto Market Sunday

Sunday, June 12, 2022 04:17 PM | InvestorsObserver Analysts

Celo Dollar (CUSD) has been relatively less volatile compared to the crypto market. So far Sunday, the Stablecoins has gained 0.05% to $0.9951353665.

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!

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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 follows which means that one day won't define its volatility rank - a trend will. CUSD's low volatility reading pairs 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 at $0.991172546703999 and resistance around $0.99704104121465. This positions Celo Dollar with room to run before facing selling pressures.