USDK (USDK) Up 0.07% Monday: What's Next?

Monday, June 06, 2022 03:55 PM | InvestorsObserver Analysts

USDK (USDK) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Monday, the Stablecoins has gained 0.07% 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 comes 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 $0.996214078421803 and resistance around $1. This positions USDK with potential selling pressures ahead as it may be getting over extended.