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

Tuesday, August 16, 2022 08:44 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 Tuesday, the crypto has declined 0.53% to $1768.43.

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 meaning that one day won't make or break its rank. XAUT'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.

Tether Gold price is in a favorable position going forward. With support set at $1749.3 and resistance set at $1782.08. This leaves Tether Gold with room to run before facing selling pressures.