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

Wednesday, January 12, 2022 01:12 PM | InvestorsObserver Analysts
USD Coin (USDC), Low Volatility but Rising Wednesday: Is it Time to Cash Out?

USD Coin (USDC) has been relatively less volatile compared to the crypto market. So far Wednesday, the Stablecoins has gained 0.07% to $1.

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 follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. USDC's low volatility reading is paired 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 trading near resistance. With support around $0.998530155972055 and resistance at $1. This leaves USD Coin 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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