Tether Gold (XAUT) Rises 0.09%, Underperforms the Crypto Market Tuesday

Tether Gold (XAUT) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the crypto has advanced 0.09% to $1732.79.

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 tracks meaning that one day won’t make or break its rank.

XAUT’s low volatility reading comes 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 around $1723.55 and resistance set at $1739.97. This positions 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

This news is republished from another source. You can check the original article here