Liquity USD (LUSD) Down 0% Thursday: What's Next?

Thursday, April 06, 2023 03:11 PM | InvestorsObserver Analysts

Liquity USD (LUSD) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the Stablecoins has dropped 0.06% to $1.01.

InvestorsObserver is giving Liquity USD a 3 Volatility Rank. Find out what this means to you and get the rest of the rankings on Liquity USD!

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Low Volatility

InvestorsObserver gives Liquity USD a low volatility rank of 3, placing it in the bottom 3% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. LUSD's low volatility reading pairs 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.

Liquity USD price is trading near resistance. With support around $1.01 and resistance at $1.01. This positions Liquity USD with potential selling pressures ahead as it may be getting over extended.