Tether Gold (XAUT) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Monday, the crypto has dropped 0.85% to $1764.92.
InvestorsObserver is giving Tether Gold a 4 Volatility Rank. Find out what this means to you and get the rest of the rankings on Tether Gold!
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 this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
XAUT’s low volatility reading pairs 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 $1753.52 and resistance around $1766.97. 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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