DigixDAO (DGD) Up 43.09% Monday: What's Next?

Monday, July 11, 2022 07:20 AM | InvestorsObserver Analysts

DigixDAO (DGD) has been relatively more volatile compared to the crypto market. So far Monday, the Stablecoins has gained 43.09% to $182.89.

InvestorsObserver is giving DigixDAO a 94 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 94, placing it in the top 6% of cryptos on the market.

The Volatility Gauge follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. 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 near resistance. With support near $86.07 and resistance around $197.61. This leaves DigixDAO with potential selling pressures ahead as it may be getting over extended.