Pax Dollar (USDP) has been relatively less volatile compared to the crypto market. So far Sunday, the Stablecoins has lost 0.11% to $0.9994876304.
Low VolatilityInvestorsObserver gives Pax Dollar a low volatility rank of 2, placing it in the bottom 2% of cryptos on the market.
The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. 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 in a favorable position going forward. With support around $0.99679742857407 and resistance around $1. This positions Pax Dollar with room to run before facing selling pressures.