CACHE Gold (CGT) Falls 0%, Outperforms the Crypto Market Tuesday

Tuesday, November 08, 2022 07:52 AM | InvestorsObserver Analysts

CACHE Gold (CGT) has been relatively more volatile compared to the crypto market. So far Tuesday, the crypto has dropped 0.18% to $53.17.

InvestorsObserver is giving CACHE Gold a 99 Volatility Rank. Find out what this means to you and get the rest of the rankings on CACHE Gold!

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Highly Volatile

InvestorsObserver gives CACHE Gold a high volatility rank of 99, placing it in the top 1% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. CGT's high volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

CACHE Gold price is in a good position going forward. With support near $52.23 and resistance near $53.89. This positions CACHE Gold with room to run before facing selling pressures.