Is Tether (USDT) Trending Lower or Higher Sunday?

Tether receives an average long-term technical score of 65 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.

USDT currently holds a superior long-term technical analysis score than 65% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.

InvestorsObserver is giving Tether a 65 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Tether!

Trading Analysis

The current trading price of $1.000000000 for USDT is $0.0000000 (-0.03%) below the tokens 100-day moving average of $1.000000000. USDT meanwhile is $0.0100000 (-1006.07%) above its 52-week low of $0.990000000 and -$0.03000000 (-871.22%) under its 52-week high price of $1.030000000. Tether’s current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 65. The price movement and range of USDT suggest that investors are neutral on the token at this time.


Tether has a market capitalization of $78,300,380,483.22 and a relatively high average daily volume with $425,528,818,501.15 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, USDT’s volume is below its seven day average with 62,339,346,113.17 exchanged.

This token’s subclass Stablecoins: Stablecoins are cryptocurrencies whose value is designed to track the performance of fiat money (such as the U.S. Dollar or Euro).

Summary

USDT’s historical trading over the past year gives it a an average long-term technical score of 65 as its price movement in that time has given investors reason to be neutral on the token in the long-term.

Click Here to get the full Report on Tether (USDT).


Be the first to comment

Leave a Reply

Your email address will not be published.


*