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

Thursday, September 15, 2022 07:21 AM | InvestorsObserver Analysts

DigixDAO (DGD) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Stablecoins has increased 74.91% to $209.54.

InvestorsObserver is giving DigixDAO a 92 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 92, placing it in the top 8% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. DGD's high volatility reading is coupled 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 $86.44 and resistance set at $184.13. This leaves DigixDAO out of range and potentially in a volatile position if the rally burns out.