Comtech Gold (CGO) Down 0.01% Wednesday: What's Next?

Wednesday, September 27, 2023 06:22 PM | InvestorsObserver Analysts

Comtech Gold (CGO) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the crypto has lost 1.41% to $60.6.

InvestorsObserver is giving Comtech Gold a 5 Volatility Rank. Find out what this means to you and get the rest of the rankings on Comtech Gold!

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Low Volatility

InvestorsObserver gives Comtech Gold a low volatility rank of 5, placing it in the bottom 5% of cryptos on the market.

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

Comtech Gold price is trading near resistance. With support near $60.13 and resistance around $60.7. This leaves Comtech Gold with potential selling pressures ahead as it may be getting over extended.