Pax dollar (USDP) has been relatively less volatile than the crypto market according to recent market analysis. So far on Sunday, stablecoins have gained 0.35% to $1.
low volatility
InvestorsObserver gives Pax Dollar a low volatility range of 3, putting it in the bottom 3% of cryptocurrencies on the market.
The volatility indicator parses this to mean that the range represents your recent trends and is not influenced too much by a sudden spike, or two, in volatility. The low volatility reading on the USDP is combined with a low reading on the risk/reward indicator, which means that the token has relatively narrow price fluctuations and is well protected against price manipulation.
The Pax Dollar price is trading above resistance. With support near $0.993416589422294 and resistance at $0.999113422555992. This leaves the Pax Dollar out of range and potentially in a volatile position if the rally peters out.
What is a token?
Tokens are digital assets that exist on the blockchain of another cryptocurrency.
