Tether Gold (XAUT) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the crypto has fallen 0.21% to $1665.1.
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 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 good position going forward. With support set at $1653.36 and resistance near $1682.09. 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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This news is republished from another source.