DigixDAO (DGD) Rises 119.29%, Outperforms the Crypto Market Thursday

Thursday, June 09, 2022 08:31 AM | InvestorsObserver Analysts

DigixDAO (DGD) has been relatively more volatile compared to the crypto market. So far Thursday, the Stablecoins has advanced 119.29% to $315.78.

InvestorsObserver is giving DigixDAO a 95 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 95, placing it in the top 5% 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 near $62.92 and resistance set at $277.85. This leaves DigixDAO out of range and potentially in a volatile position if the rally burns out.