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Gemini Dollar (GUSD) Rises 0.92%, Underperforms the Crypto Market Friday

Friday, December 08, 2023 09:09 AM | InvestorsObserver Analysts
Gemini Dollar (GUSD) Rises 0.92%, Underperforms the Crypto Market Friday

Gemini Dollar (GUSD) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the Stablecoins has increased 0.92% to $1.01.

volatility - 5
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!

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 follows which means that one day won't define its volatility rank - a trend will. GUSD's low volatility reading is paired 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 trading above resistance. With support set at $0.994889474636435 and resistance near $1.01. This positions Gemini Dollar out of range and potentially in a volatile position if the rally burns out.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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