Tether Gold (XAUT) Falls 0.01%, Underperforms the Crypto Market Saturday

Saturday, August 06, 2022 06:39 AM | InvestorsObserver Analysts

Tether Gold (XAUT) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the crypto has lost 0.99% to $1765.1.

InvestorsObserver is giving Tether Gold a 3 Volatility Rank. Find out what this means to you and get the rest of the rankings on Tether Gold!

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Low Volatility

InvestorsObserver gives Tether Gold a low volatility rank of 3, placing it in the bottom 3% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. 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 $1744.55 and resistance near $1767.25. This leaves Tether Gold with potential selling pressures ahead as it may be getting over extended.