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USDK (USDK) Rises 0.42%, Underperforms the Crypto Market Friday

Friday, August 12, 2022 06:37 AM | InvestorsObserver Analysts
USDK (USDK) Rises 0.42%, Underperforms the Crypto Market Friday

USDK (USDK) has been relatively less volatile compared to the crypto market. So far Friday, the Stablecoins has advanced 0.42% 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 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 trading near resistance. With support near $0.999383523827774 and resistance around $1.01. This leaves USDK with potential selling pressures ahead as it may be getting over extended.

What is a Token?

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

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