USDK (USDK) Down 0% Thursday: What's Next?

Thursday, July 07, 2022 09:28 AM | InvestorsObserver Analysts

USDK (USDK) has been relatively less volatile compared to the crypto market. So far Thursday, the Stablecoins has fallen 0.18% to $1.

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

See Full Report

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 follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. USDK'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.

USDK price is favorably positioned going forward. With support around $0.992351224887805 and resistance set at $1. This leaves USDK with room to run before facing selling pressures.