×
News Home

USD Coin (USDC), Low Volatility but Falling Tuesday: Is it Time to Cash Out?

Tuesday, December 07, 2021 07:26 AM | InvestorsObserver Analysts
USD Coin (USDC), Low Volatility but Falling Tuesday: Is it Time to Cash Out?

USD Coin (USDC) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the Stablecoins has declined 0.13% to $0.998897119.

volatility - 2
InvestorsObserver is giving USD Coin a 2 Volatility Rank. Find out what this means to you and get the rest of the rankings on USD Coin!

Low Volatility

InvestorsObserver gives USD Coin 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. USDC'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. USD Coin price is favorably positioned going forward. With support around $0.996420053073742 and resistance set at $1. This leaves USD Coin with room to run before facing selling pressures.

What is a Token?

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

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App