Gemini Dollar (GUSD) Falls 0%, Outperforms the Crypto Market Friday

Friday, December 09, 2022 04:50 PM | InvestorsObserver Analysts

Gemini Dollar (GUSD) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the Stablecoins has lost 0.32% to $1.01.

InvestorsObserver is giving Gemini Dollar a 5 Volatility Rank. Find out what this means to you and get the rest of the rankings on Gemini Dollar!

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Low Volatility

InvestorsObserver gives Gemini Dollar a low volatility rank of 5, placing it in the bottom 5% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. GUSD's low volatility reading comes 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.

Gemini Dollar price is in a favorable position going forward. With support around $0.99865039829749 and resistance around $1.02. This leaves Gemini Dollar with room to run before facing selling pressures.