Celo Dollar (CUSD) has been relatively less volatile compared to the crypto market. So far Sunday, the Stablecoins has gained 0.05% to $0.9951353665.
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 follows which means that one day won’t define its volatility rank – a trend will.
CUSD’s low volatility reading pairs 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 at $0.991172546703999 and resistance around $0.99704104121465. 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.
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