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Venus USDC (vUSDC) Up 0.01% Wednesday: What's Next?

Wednesday, February 28, 2024 11:58 AM | InvestorsObserver Analysts
Venus USDC (vUSDC) Up 0.01% Wednesday: What's Next?

Venus USDC (vUSDC) has been relatively less volatile compared to the crypto market. So far Wednesday, the Stablecoins has advanced 0.01% to $0.0232407422.

volatility - 1
InvestorsObserver is giving Venus USDC a 1 Volatility Rank. Find out what this means to you and get the rest of the rankings on Venus USDC!

Low Volatility

InvestorsObserver gives Venus USDC a low volatility rank of 1, placing it in the bottom 1% of cryptos on the market.

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

Venus USDC price is in a good position going forward. With support around $0.0232193430959002 and resistance near $0.0232499109654443. This positions Venus USDC 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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