Ethena USDe (USDe) Down 0% Thursday: What's Next?

Thursday, March 28, 2024 09:02 AM | InvestorsObserver Analysts

Ethena USDe (USDe) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Stablecoins has declined 0.05% to $1.

InvestorsObserver is giving Ethena USDe a 2 Volatility Rank. Find out what this means to you and get the rest of the rankings on Ethena USDe!

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Low Volatility

InvestorsObserver gives Ethena USDe a low volatility rank of 2, placing it in the bottom 2% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. USDe's low volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.

Ethena USDe price is trading near resistance. With support around $0.998790327080405 and resistance near $1. This leaves Ethena USDe with potential selling pressures ahead as it may be getting over extended.