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USDK (USDK) Falls 0.01%, Outperforms the Crypto Market Sunday

Sunday, June 26, 2022 07:27 PM | InvestorsObserver Analysts
USDK (USDK) Falls 0.01%, Outperforms the Crypto Market Sunday

USDK (USDK) has been relatively less volatile compared to the crypto market. So far Sunday, the Stablecoins has dropped 1.15% to $0.9987242881.

volatility - 3
InvestorsObserver is giving USDK a 3 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 3, placing it in the bottom 3% of cryptos on the market.

The Volatility Gauge takes into account 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 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 around $0.987894615229264 and resistance around $0.999455651339188. 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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