Stably USD (USDS) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the Stablecoins has added 0.94% to $1.06.
Low Volatility
InvestorsObserver gives Stably USD a low volatility rank of 24, placing it in the bottom 24% of cryptos on the market. The Volatility Gauge tracks the previous 60 days, meaning that one day won’t make or break the score.
USDS’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.
Stably USD price is favorably positioned going forward. With support around $1.03 and resistance set at $1.07. This leaves Stably USD with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
