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

Thursday, June 16, 2022 05:51 PM | InvestorsObserver Analysts

USDK (USDK) has been relatively less volatile compared to the crypto market. So far Thursday, the Stablecoins has dropped 0.72% to $0.999718019.

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

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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 which means that one day won't define its volatility rank - a trend will. USDK's low volatility reading is coupled 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 in a favorable position going forward. With support around $0.984221161265678 and resistance near $1. This leaves USDK with room to run before facing selling pressures.