DigixDAO (DGD), High Volatility and Rising Monday: Is it Time to Cash Out?

Monday, January 30, 2023 12:05 PM | InvestorsObserver Analysts

DigixDAO (DGD) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Monday, the Stablecoins has gained 28.57% to $100.

InvestorsObserver is giving DigixDAO a 86 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 86, placing it in the top 14% of cryptos on the market.

The Volatility Gauge analyzes 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 trading above resistance. With support around $69.96 and resistance set at $93.41. This positions DigixDAO out of range and potentially in a volatile position if the rally burns out.