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

Thursday, August 04, 2022 07:52 AM | InvestorsObserver Analysts

Gemini Dollar (GUSD) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the Stablecoins has dropped 0.17% to $0.9969967004.

InvestorsObserver is giving Gemini Dollar a 3 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 3, placing it in the bottom 3% of cryptos on the market.

The Volatility Gauge analyzes meaning that one day won't make or break its rank. GUSD's low volatility reading is coupled 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 good position going forward. With support around $0.992082263719742 and resistance near $1. This leaves Gemini Dollar with room to run before facing selling pressures.