DigixDAO (DGD) Down 0.48% Tuesday: What's Next?

Tuesday, July 19, 2022 09:52 AM | InvestorsObserver Analysts

DigixDAO (DGD) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the Stablecoins has declined 48.05% to $121.97.

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

See Full Report

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 pairs 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 $90.1 and resistance set at $157.17. This leaves DigixDAO with room to run before facing selling pressures.