Comtech Gold (CGO) Falls 0%, Underperforms the Crypto Market Monday

Monday, August 07, 2023 04:57 PM | InvestorsObserver Analysts

Comtech Gold (CGO) has been relatively less volatile when compared to other cryptocurrencies. So far Monday, the crypto has lost 0.32% to $62.45.

InvestorsObserver is giving Comtech Gold a 4 Volatility Rank. Find out what this means to you and get the rest of the rankings on Comtech Gold!

Low Volatility

InvestorsObserver gives Comtech Gold a low volatility rank of 4, placing it in the bottom 4% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. CGO'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.

Comtech Gold price is trading near resistance. With support set at $62.29 and resistance set at $62.49. This positions Comtech 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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