USDK (USDK) Up 0.49% Thursday: What's Next?

Thursday, August 18, 2022 06:36 AM | InvestorsObserver Analysts

USDK (USDK) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Stablecoins has gained 0.49% 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 takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. 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 set at $0.989384392832043 and resistance near $1. This positions USDK with potential selling pressures ahead as it may be getting over extended.