TRAC (Ordinals) (TRAC) Falls 0.04%, Underperforms the Crypto Market Sunday

Sunday, December 31, 2023 06:24 AM | InvestorsObserver Analysts

First Digital USD (FDUSD) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Sunday, the Stablecoins has dropped 0.15% to $0.9994195133.

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

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Low Volatility

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

The Volatility Gauge follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. FDUSD'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.

First Digital USD price is favorably positioned going forward. With support around $0.997285862955279 and resistance around $1. This leaves First Digital USD with room to run before facing selling pressures.