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Venus USDT (vUSDT) Up 0.11% Tuesday: What's Next?

Tuesday, February 27, 2024 12:25 PM | InvestorsObserver Analysts
Venus USDT (vUSDT) Up 0.11% Tuesday: What's Next?

Venus USDT (vUSDT) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the Stablecoins has gained 0.11% to $0.02325957759.

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

Low Volatility

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

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. vUSDT's low volatility reading is coupled 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 USDT price is trading above resistance. With support around $0.0232212066623707 and resistance set at $0.0232537526610632. This positions Venus USDT out of range and potentially in a volatile position if the rally burns out.

What is a Token?

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

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