Pax Dollar (USDP) Falls 0%, Underperforms the Crypto Market Friday

Friday, March 29, 2024 10:00 AM | InvestorsObserver Analysts

Pax Dollar (USDP) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Friday, the Stablecoins has lost 0.08% to $0.9994311275.

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 analyzes which means that one day won't define its volatility rank - a trend will. USDP'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.

Pax Dollar price is in a favorable position going forward. With support around $0.998192409239745 and resistance around $1. This positions Pax Dollar with room to run before facing selling pressures.