Verified USD (USDV), Low Volatility but Rising Friday: Is it Time to Cash Out?

Friday, March 29, 2024 08:10 AM | InvestorsObserver Analysts

Verified USD (USDV) has been relatively less volatile compared to the crypto market. So far Friday, the Stablecoins has added 0.01% to $0.9987230734.

InvestorsObserver is giving Verified USD a 2 Volatility Rank. Find out what this means to you and get the rest of the rankings on Verified USD!

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Low Volatility

InvestorsObserver gives Verified USD a low volatility rank of 2, placing it in the bottom 2% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. USDV'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.

Verified USD price is well positioned going forward. With support near $0.997754725416191 and resistance around $0.99929943939019. This positions Verified USD with room to run before facing selling pressures.