USDD

Fundamental Analysis

Introduce

The USDD protocol will be pegged to the USD - the most widely applied fiat currency in the world - to establish a stable, decentralized, and tamper-proof USDD-USD system.It will have a built-in incentive mechanism and a responsive monetary policy, which will allow USDD to self-stabilize against any price fluctuations, and help consolidate the value of USDD as a true settlement currency. Also, a decentralized currency protocol with a stable price will expand use cases for cryptocurrency, making it truly accessible with far-reaching implications for the blockchain space and the real economy.

BasicInfo

Technical Analysis

Kline Data

Analysis

The price action over the past 30 days exhibits a period of consolidation with relatively low volatility, generally contained between 0.99 and 1.00. The initial trend was mildly upward, followed by sideways movement, and then a slight late period upward pressure. Volume shows sporadic spikes, particularly at the beginning and end of the observed period, suggesting potential accumulation or distribution phases. The recent closing price has recovered slightly from a short-term downtrend. The overall picture suggests a market waiting for direction, with no clear momentum. A possible upward breakout attempt might be seen. However, confirmation is required, given the prevailing consolidation and lack of sustained high volume activity. A breakout might potentially lead to a further move upwards, while failing might suggest a return towards the lower bound of the recent price action.