Upbit Launches Gold-Backed XAUT, Pioneering South Korean Market Expansion
- Market Expansion: Upbit announced the listing of Tether Gold (XAUT) on January 1, 2025, becoming the first major exchange in South Korea to integrate a physically-backed gold cryptocurrency, which is expected to attract more conservative investors into the crypto market.
- Innovative Trading Pairs: XAUT will support three trading pairs: XAUT/BTC, XAUT/USDT, and XAUT/KRW, providing flexible investment options that cater to the sophisticated needs of South Korea's cryptocurrency ecosystem, thereby enhancing market competitiveness.
- Compliance Milestone: The listing aligns with regulatory requirements from South Korea's Financial Services Commission, marking Upbit's compliance progress in the asset-backed token space and potentially setting a precedent for future similar products.
- Technical Implementation: Upbit utilizes the Ethereum blockchain for XAUT integration, ensuring system security and stability while offering 24/7 trading convenience, enhancing user experience and driving market liquidity.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for XAUt
Technical Sentiment Analysis for Tether Gold (XAUt) As of , Tether Gold (XAUt) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 3 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XAUt stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, XAUt is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Tether Gold (XAUt) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 3848.456 | 4137.463 | 4509.136 | 4798.143 | 5169.816 | 5458.823 | 5830.496 |
| Fibonacci | 4137.463 | 4389.843 | 4545.763 | 4798.143 | 5050.523 | 5206.443 | 5458.823 |
About XAUT
About the author
