Celo Dollar (CUSD) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Monday, the Stablecoins has declined 0.05% to $0.9943350281.
Low Volatility
InvestorsObserver gives Celo Dollar a low volatility rank of 2, placing it in the bottom 2% of cryptos on the market.
The Volatility Gauge analyzes which means that one day won’t define its volatility rank – a trend will.
CUSD’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.
Celo Dollar price is well positioned going forward. With support near $0.990513846251164 and resistance around $0.997560247751866. This positions Celo Dollar with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
