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

Sunday, May 01, 2022 06:30 PM | InvestorsObserver Analysts
DigixDAO (DGD), High Volatility and Rising Sunday: Is it Time to Cash Out?

DigixDAO (DGD) has been relatively more volatile compared to the crypto market. So far Sunday, the Stablecoins has gained 58.31% to $532.39.

volatility - 96
InvestorsObserver is giving DigixDAO a 96 Volatility Rank. Find out what this means to you and get the rest of the rankings on DigixDAO!

Highly Volatile

InvestorsObserver gives DigixDAO a high volatility rank of 96, placing it in the top 4% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. 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 trading above resistance. With support set at $234.3 and resistance around $412.78. This positions DigixDAO out of range and potentially in a volatile position if the rally burns out.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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