Tether Gold (XAUT) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the crypto has declined 0.64% to $1755.41.
InvestorsObserver gives Tether Gold a low volatility rank of 4, placing it in the bottom 4% of cryptos on the market.
The Volatility Gauge follows 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 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 trading near resistance. With support at $1741.18 and resistance set at $1759.03. This positions 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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