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Mirrored United States Oil Fund (mUSO) Falls 0.02%, Underperforms the Crypto Market Monday

Monday, December 20, 2021 04:06 PM | InvestorsObserver Analysts
Mirrored United States Oil Fund (mUSO) Falls 0.02%, Underperforms the Crypto Market Monday

Mirrored United States Oil Fund (mUSO) has been relatively less volatile when compared to other cryptocurrencies. So far Monday, the Wrapped Tokens has dropped 1.89% to $52.2.

volatility - 2
InvestorsObserver is giving Mirrored United States Oil Fund a 2 Volatility Rank. Find out what this means to you and get the rest of the rankings on Mirrored United States Oil Fund!

Low Volatility

InvestorsObserver gives Mirrored United States Oil Fund a low volatility rank of 2, placing it in the bottom 2% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. mUSO's low volatility reading comes 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.

Mirrored United States Oil Fund price is trading above resistance. With support set at $51.78 and resistance at $52.02. This leaves Mirrored United States Oil Fund out of range and potentially in a volatile position if the rally burns out.

What is a Token?

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

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