Lido Staked ETH (stETH) Up 0.98% Saturday: What's Next?

Saturday, June 03, 2023 10:06 AM | InvestorsObserver Analysts

Lido Staked ETH (stETH) has been relatively less volatile compared to the crypto market. So far Saturday, the crypto has added 0.98% to $1896.12.

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!

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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 tracks which means that one day won't define its volatility rank - a trend will. 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 trading near resistance. With support set at $1846.4 and resistance near $1907.02. This leaves Lido Staked ETH with potential selling pressures ahead as it may be getting over extended.