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Lido Staked ETH (stETH) Falls 0%, Underperforms the Crypto Market Tuesday

Tuesday, April 18, 2023 02:26 PM | InvestorsObserver Analysts
Lido Staked ETH (stETH) Falls 0%, Underperforms the Crypto Market Tuesday

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.

volatility - 15
InvestorsObserver is giving Lido Staked ETH a 15 Volatility Rank. Find out what this means to you and get the rest of the rankings on Lido Staked ETH!

Low Volatility

InvestorsObserver 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.

What is a Token?

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

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