Tether Gold (XAUT) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the crypto has lost 0.99% to $1765.1.
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 analyzes this makes its score defined by recent trends, rather than a bad day.
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 around $1744.55 and resistance near $1767.25. 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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