Tether Gold (XAUT) Up 0.3% Thursday: What's Next?

Thursday, August 11, 2022 07:43 AM | InvestorsObserver Analysts

Tether Gold (XAUT) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the crypto has gained 0.3% to $1789.44.

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 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 near $1778.18 and resistance around $1792.43. This positions Tether Gold with potential selling pressures ahead as it may be getting over extended.