$USDP has experienced a minor decline of 0.03% over the last 24 hours.
The price fluctuated between a high of 1.0005 and a low of 0.9998, indicating tight trading conditions.
Bollinger Bands suggest low volatility, with the upper and lower bands at 1.0001 and 0.9999 respectively.
Current support is well established at 0.9998, while resistance sits at 1.0003, framing a narrow range.
The overall market trend remains bearish, and macroeconomic factors could further suppress upward movement.
Currently, Bitcoin's influence on USDP appears neutral, reduce correlation factors.
Traders may want to consider a short-term strategy due to the prevailing downtrend and volatility.
Ultimately, closely monitoring macroeconomic news is essential for making informed trading decisions in this environment.
