Tether Gold (XAUT), Low Volatility but Falling Friday: Is it Time to Cash Out?

Friday, December 03, 2021 10:00 AM | InvestorsObserver Analysts

Tether Gold (XAUT) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the crypto has declined 1.65% to $1776.15, hitting a five-day high.

InvestorsObserver is giving Tether Gold a 2 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 2, placing it in the bottom 2% of cryptos on the market. The Volatility Gauge tracks the previous 60 days, meaning that one day won't make or break the score. XAUT's low volatility reading is coupled 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 $1747.79 and resistance set at $1779.7. This leaves Tether Gold with potential selling pressures ahead as it may be getting over extended.