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sUSD (SUSD) Rises 0.18%, Underperforms the Crypto Market Wednesday

Wednesday, March 09, 2022 06:30 PM | InvestorsObserver Analysts
sUSD (SUSD) Rises 0.18%, Underperforms the Crypto Market Wednesday

sUSD (SUSD) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the Stablecoins has added 0.18% to $1.

volatility - 1
InvestorsObserver is giving sUSD a 1 Volatility Rank. Find out what this means to you and get the rest of the rankings on sUSD!

Low Volatility

InvestorsObserver gives sUSD a low volatility rank of 1, placing it in the bottom 1% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. SUSD'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.

sUSD price is in a favorable position going forward. With support near $0.993693561224577 and resistance around $1. This leaves sUSD 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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