Tether Gold (XAUT) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the crypto has dropped 0.26% to $1904.4.
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 takes into account 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 favorably positioned going forward. With support at $1895.93 and resistance set at $1910.03. This leaves Tether Gold with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You’re all set to receive the Morning Update newsletter
