PAX Gold (PAXG) is relatively volatile compared to the cryptocurrency market. So far on Saturday, the cryptocurrency has fallen 0.13% to $1907.84.
low volatility
investor observer PAX Gold has a low volatility rank of 3, placing it in the bottom 3% of cryptocurrencies on the market.
A volatility gauge means that ranks represent recent trends and are not overly sensitive to sudden spikes (one or two) in volatility. PAXG’s low volatility reading, combined with the low reading of the risk/reward gauge, means that the token has relatively low price volatility and is well protected from price manipulation.
PAX Gold price is well positioned going forward. Support is near $1899.27 and resistance is set at $1915.72. This gives PAX Gold more room to perform before facing selling pressure.
What is a token?
A token is a digital asset that exists on the blockchain of another cryptocurrency.
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