USDD (USDD), Low Volatility but Falling Monday: Is it Time to Cash Out?

Monday, June 05, 2023 11:53 AM | InvestorsObserver Analysts

USDD (USDD) has been relatively less volatile when compared to other cryptocurrencies. So far Monday, the Stablecoins has lost 0.05% to $0.9984687934.

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

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Low Volatility

InvestorsObserver gives USDD 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. USDD's low volatility reading pairs 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.

USDD price is in a favorable position going forward. With support near $0.996869923217361 and resistance set at $0.999590696437424. This positions USDD with room to run before facing selling pressures.