Tether Gold (XAUT) has been relatively less volatile compared to the crypto market. So far Friday, the crypto has increased 0.67% to $1740.68.
Low Volatility
InvestorsObserver gives Tether Gold a low volatility rank of 4, placing it in the bottom 4% of cryptos on the market.
The Volatility Gauge follows which means that one day won’t define its volatility rank – a trend will.
XAUT’s low volatility reading is paired 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.
Tether Gold price is trading near resistance. With support near $1699.01 and resistance set at $1751.91. This leaves Tether Gold with potential selling pressures ahead as it may be getting over extended.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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