DigixDAO (DGD) Down 0.45% Tuesday: What's Next?

Tuesday, August 16, 2022 09:21 AM | InvestorsObserver Analysts

DigixDAO (DGD) has been relatively more volatile compared to the crypto market. So far Tuesday, the Stablecoins has fallen 44.63% to $116.06.

InvestorsObserver is giving DigixDAO a 93 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 93, placing it in the top 7% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. DGD's high volatility reading comes 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 trading near support. With support near $105.35 and resistance near $156.94. This positions DigixDAO space to rally before hitting resistance.