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Pax Dollar (USDP) Remains Neutral%, Underperforms the Crypto Market Friday

Friday, March 01, 2024 09:18 AM | InvestorsObserver Analysts
Pax Dollar (USDP) Remains Neutral%, Underperforms the Crypto Market Friday

Pax Dollar (USDP) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the Stablecoins has declined 0% to $0.9995430689.

volatility - 3
InvestorsObserver is giving Pax Dollar a 3 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 3, placing it in the bottom 3% 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 pairs 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 good position going forward. With support at $0.998534678160178 and resistance near $1. This positions 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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