Lido Staked ETH (stETH) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the crypto has lost 1.12% to $1167.94.
Low Volatility
InvestorsObserver gives Lido Staked ETH a low volatility rank of 22, placing it in the bottom 22% of cryptos on the market.
The Volatility Gauge analyzes meaning that one day won’t make or break its rank.
stETH’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.
Lido Staked ETH price is well positioned going forward. With support near $1151.12 and resistance set at $1176.04. This leaves Lido Staked ETH 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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Read More: Lido Staked ETH (stETH) Falls 0.01%, Underperforms the Crypto Market Thursday