Pax Dollar (USDP), Low Volatility but Rising Friday: Is it Time to Cash Out?

Friday, July 01, 2022 04:26 PM | InvestorsObserver Analysts

Pax Dollar (USDP) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the Stablecoins has gained 0.04% to $0.9986325434.

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 meaning that one day won't make or break its rank. USDP's low volatility reading is coupled 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 near $0.993740354176782 and resistance set at $1. This positions Pax Dollar with room to run before facing selling pressures.