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Pax Dollar (USDP) Up 0.36% Thursday: What's Next?

Thursday, June 16, 2022 01:12 PM | InvestorsObserver Analysts
Pax Dollar (USDP) Up 0.36% Thursday: What's Next?

Pax Dollar (USDP) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the Stablecoins has gained 0.36% 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 follows 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 trading near resistance. With support around $0.993537254141545 and resistance around $1. This leaves Pax Dollar with potential selling pressures ahead as it may be getting over extended.

What is a Token?

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

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