USDK (USDK), Low Volatility but Falling Saturday: Is it Time to Cash Out?

Saturday, October 01, 2022 07:00 AM | InvestorsObserver Analysts

USDK (USDK) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the Stablecoins has dropped 0.1% to $0.9995826866.

InvestorsObserver is giving USDK a 4 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 4, placing it in the bottom 4% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. 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 well positioned going forward. With support set at $0.99472519481648 and resistance near $1. This positions USDK with room to run before facing selling pressures.