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

Sunday, July 17, 2022 01:18 PM | InvestorsObserver Analysts
USDK (USDK) Falls 0%, Outperforms the Crypto Market Sunday

USDK (USDK) has been relatively less volatile compared to the crypto market. So far Sunday, the Stablecoins has lost 0.29% to $1.01.

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 analyzes 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 well positioned going forward. With support at $0.996731670284674 and resistance at $1.01. This leaves USDK with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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