Lido Staked ETH (stETH) Falls 0.03%, Underperforms the Crypto Market Monday

Monday, August 22, 2022 05:20 PM | InvestorsObserver Analysts

Lido Staked ETH (stETH) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the crypto has declined 2.92% to $1534.34.

InvestorsObserver is giving Lido Staked ETH a 33 Volatility Rank. Find out what this means to you and get the rest of the rankings on Lido Staked ETH!

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Moderately Volatile

InvestorsObserver gives Lido Staked ETH a moderate volatility rank of 33, placing it in the bottom 33% of cryptos on the market.

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

Lido Staked ETH price is trading near resistance. With support around $1477.91 and resistance near $1550.11. This positions Lido Staked ETH with potential selling pressures ahead as it may be getting over extended.