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 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.
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