USDK (USDK) Falls 0%, Outperforms the Crypto Market Saturday

Saturday, July 02, 2022 06:33 AM | InvestorsObserver Analysts

USDK (USDK) has been relatively less volatile when compared to other cryptocurrencies. So far Saturday, the Stablecoins has dropped 0.19% to $0.9970005458.

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 analyzes 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 is paired 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 good position going forward. With support near $0.991838680964494 and resistance set at $1. This leaves USDK with room to run before facing selling pressures.