Tether Gold (XAUT) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the crypto has advanced 0.47% to $1882.
Low Volatility
InvestorsObserver gives Tether Gold a low volatility rank of 3, placing it in the bottom 3% of cryptos on the market.
The Volatility Gauge tracks 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 above resistance. With support around $1866.43 and resistance set at $1881.55. This positions Tether Gold out of range and potentially in a volatile position if the rally burns out.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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