Pax Dollar (USDP) Down 0% Saturday: What's Next?

Saturday, August 06, 2022 03:57 PM | InvestorsObserver Analysts

Pax Dollar (USDP) has been relatively less volatile when compared to other cryptocurrencies. So far Saturday, the Stablecoins has lost 0.03% to $1.

InvestorsObserver is giving Pax Dollar a 2 Volatility Rank. Find out what this means to you and get the rest of the rankings on Pax Dollar!

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Low Volatility

InvestorsObserver gives Pax Dollar a low volatility rank of 2, placing it in the bottom 2% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. USDP's low volatility reading is paired 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.

Pax Dollar price is well positioned going forward. With support around $0.997688545572622 and resistance near $1. This positions Pax Dollar with room to run before facing selling pressures.