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

Wednesday, September 21, 2022 07:28 AM | InvestorsObserver Analysts

Tether Gold (XAUT) has been relatively less volatile compared to the crypto market. So far Wednesday, the crypto has gained 0.44% to $1670.61.

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 takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. 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 trading near resistance. With support at $1655.13 and resistance around $1672.69. This leaves Tether Gold with potential selling pressures ahead as it may be getting over extended.