DigixDAO (DGD) Down 0.37% Monday: What's Next?

Monday, July 25, 2022 04:02 PM | InvestorsObserver Analysts

DigixDAO (DGD) has been relatively more volatile compared to the crypto market. So far Monday, the Stablecoins has dropped 36.53% to $144.68.

InvestorsObserver is giving DigixDAO a 95 Volatility Rank. Find out what this means to you and get the rest of the rankings on DigixDAO!

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Highly Volatile

InvestorsObserver gives DigixDAO a high volatility rank of 95, placing it in the top 5% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. DGD's high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

DigixDAO price is favorably positioned going forward. With support set at $96.17 and resistance around $173.12. This positions DigixDAO with room to run before facing selling pressures.