USDK (USDK) Rises 0.12%, Underperforms the Crypto Market Saturday

Saturday, August 06, 2022 06:39 AM | InvestorsObserver Analysts

USDK (USDK) has been relatively less volatile when compared to other cryptocurrencies. So far Saturday, the Stablecoins has gained 0.12% to $1.

InvestorsObserver is giving USDK a 3 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 3, placing it in the bottom 3% 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 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 trading near resistance. With support around $0.993354220034073 and resistance around $1. This leaves USDK with potential selling pressures ahead as it may be getting over extended.