Tether Gold (XAUT) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Friday, the crypto has fallen 0.53% to $1807.82.
Low Volatility
InvestorsObserver gives Tether Gold a low volatility rank of 1, placing it in the bottom 1% of cryptos on the market.
The Volatility Gauge takes into account 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 in a favorable position going forward. With support near $1789.28 and resistance at $1817.07. 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.
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