USDK (USDK) Remains Neutral%, Underperforms the Crypto Market Tuesday

Tuesday, June 21, 2022 06:45 PM | InvestorsObserver Analysts

USDK (USDK) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the Stablecoins has lost 0% to $1.

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 this makes its score defined by recent trends, rather than a bad day. 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 favorable position going forward. With support set at $0.992562651634216 and resistance at $1.01. This positions USDK with room to run before facing selling pressures.