Tether Gold (XAUT) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Sunday, the crypto has added 0.07% to $1951.03.
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 takes into account which means that one day won’t define its volatility rank – a trend will.
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 in a favorable position going forward. With support set at $1947.13 and resistance near $1952.96. 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.