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

Thursday, June 29, 2023 06:56 AM | InvestorsObserver Analysts

Comtech Gold (CGO) has been relatively less volatile compared to the crypto market. So far Thursday, the crypto has lost 0.13% to $61.6.

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 this makes its score defined by recent trends, rather than a bad day. CGO'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.

Comtech Gold price is well positioned going forward. With support set at $61.38 and resistance near $61.84. This leaves Comtech 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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