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USDX [Kava] (USDX) Falls 0%, Underperforms the Crypto Market Wednesday

Wednesday, January 19, 2022 10:40 AM | InvestorsObserver Analysts
USDX [Kava] (USDX) Falls 0%, Underperforms the Crypto Market Wednesday

USDX [Kava] (USDX) has been relatively less volatile compared to the crypto market. So far Wednesday, the Stablecoins has dropped 0.32% to $0.9780021174.

volatility - 2
InvestorsObserver is giving USDX [Kava] a 2 Volatility Rank. Find out what this means to you and get the rest of the rankings on USDX [Kava]!

Low Volatility

InvestorsObserver gives USDX [Kava] a low volatility rank of 2, placing it in the bottom 2% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. USDX'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.

USDX [Kava] price is well positioned going forward. With support set at $0.967316475153202 and resistance at $0.986360695600743. This leaves USDX [Kava] with room to run before facing selling pressures.

What is a Token?

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

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