Tether Gold (XAUT) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Monday, the crypto has declined 1.3% to $1806.92.
InvestorsObserver gives Tether Gold a low volatility rank of 1, placing it in the bottom 1% of cryptos on the market.
The Volatility Gauge follows meaning that one day won’t make or break its rank.
XAUT’s low volatility reading is paired 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 around $1779.39 and resistance around $1811.6. This leaves 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.