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USDK (USDK) Down 0.01% Wednesday: What's Next?

Wednesday, May 11, 2022 09:16 AM | InvestorsObserver Analysts
USDK (USDK) Down 0.01% Wednesday: What's Next?

USDK (USDK) has been relatively less volatile compared to the crypto market. So far Wednesday, the Stablecoins has lost 1.24% to $0.9927395617.

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

Low Volatility

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

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. USDK'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.

USDK price is trading near resistance. With support at $0.978182895640263 and resistance near $0.995327158430943. This positions USDK 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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