Lido Staked ETH (stETH) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the crypto has fallen 0.03% to $2072.44.
Low VolatilityInvestorsObserver gives Lido Staked ETH a low volatility rank of 15, placing it in the bottom 15% 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. stETH'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.
Lido Staked ETH price is favorably positioned going forward. With support at $2048.86 and resistance set at $2105.31. This positions Lido Staked ETH with room to run before facing selling pressures.