USDD Trades Below Parity for Seventh Day at $0.9979, Volume Up 112%
- —Price is $0.9979, 0.08% below $1 and 1.52% below the all-time high of $1.01
- —Volume is $5.53 million in 24 hours, 112% above the 30-day average
- —RSI at 46.9 and a negative MACD indicate moderately bearish momentum
- —Market cap is $1.53 billion, with the price below all SMAs from 5 to 200 days
Why it matters: A prolonged discount for an algorithmic stablecoin is a historical precursor to a more serious depeg, and holders should watch the $0.9972 level.
Source: DiarioBitcoin