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Mirrored United States Oil Fund (mUSO) Rises 0.31%, Underperforms the Crypto Market Tuesday

Tuesday, January 11, 2022 09:22 AM | InvestorsObserver Analysts
Mirrored United States Oil Fund (mUSO) Rises 0.31%, Underperforms the Crypto Market Tuesday

Mirrored United States Oil Fund (mUSO) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the Wrapped Tokens has added 0.31% to $57.71.

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 takes into account which means that one day won't define its volatility rank - a trend will. 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 near resistance. With support near $57.25 and resistance around $57.84. This positions Mirrored United States Oil Fund with potential selling pressures ahead as it may be getting over extended.

What is a Token?

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

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