Prisma mkUSD (MKUSD) Down 0% Friday: What's Next?

Friday, March 29, 2024 07:07 AM | InvestorsObserver Analysts

Prisma mkUSD (MKUSD) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the Stablecoins has lost 0.12% to $0.9952822033.

InvestorsObserver is giving Prisma mkUSD a 2 Volatility Rank. Find out what this means to you and get the rest of the rankings on Prisma mkUSD!

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Low Volatility

InvestorsObserver gives Prisma mkUSD a low volatility rank of 2, placing it in the bottom 2% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. MKUSD'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.

Prisma mkUSD price is in a favorable position going forward. With support at $0.985470725881078 and resistance around $1. This positions Prisma mkUSD with room to run before facing selling pressures.