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Pax Dollar (USDP) Remains Neutral%, Outperforms the Crypto Market Tuesday

Tuesday, December 14, 2021 01:00 PM | InvestorsObserver Analysts
Pax Dollar (USDP) Remains Neutral%, Outperforms the Crypto Market Tuesday

Pax Dollar (USDP) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the Stablecoins has advanced 0% to $1.

volatility - 2
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!

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 tracks the previous 60 days, meaning that one day won't make or break the score. 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 favorably positioned going forward. With support around $0.99672015508016 and resistance set at $1. This leaves Pax Dollar with room to run before facing selling pressures.

What is a Token?

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

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