DigixDAO (DGD) Falls 0.32%, Underperforms the Crypto Market Monday

Monday, August 22, 2022 07:53 AM | InvestorsObserver Analysts

DigixDAO (DGD) has been relatively more volatile compared to the crypto market. So far Monday, the Stablecoins has lost 32.23% to $153.68.

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 takes into account this makes its score defined by recent trends, rather than a bad day. 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 favorably positioned going forward. With support at $80.36 and resistance near $190.56. This leaves DigixDAO with room to run before facing selling pressures.