PayPal USD (PYUSD) Falls 0%, Underperforms the Crypto Market Sunday

Sunday, December 31, 2023 08:58 AM | InvestorsObserver Analysts

PayPal USD (PYUSD) has been relatively less volatile when compared to other cryptocurrencies. So far Sunday, the Stablecoins has dropped 0.23% to $0.9987656499.

InvestorsObserver is giving PayPal USD a 3 Volatility Rank. Find out what this means to you and get the rest of the rankings on PayPal USD!

Low Volatility

InvestorsObserver gives PayPal USD a low volatility rank of 3, placing it in the bottom 3% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. PYUSD'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.

PayPal USD price is in a favorable position going forward. With support around $0.994696875985405 and resistance set at $1. This positions PayPal USD 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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