USDK (USDK) Up 0.81% Saturday: What's Next?

Saturday, June 11, 2022 05:00 PM | InvestorsObserver Analysts

USDK (USDK) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the Stablecoins has increased 0.81% to $0.9990031926.

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 tracks which means that one day won't define its volatility rank - a trend will. 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 trading near resistance. With support near $0.984874295374112 and resistance at $0.999134766241269. This leaves USDK with potential selling pressures ahead as it may be getting over extended.