Tether (USDT) gets a bullish rating from InvestorsObserver Friday. The Stablecoins asset is up 0.01% to $0.999450226 while the broader crypto market is up 0.02%.
Over the last five days, Tether has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Tether over the past five days by volume and price movement.
The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.
Tether is currently trading near its five-day high of $0.9995364640203. The Stablecoins asset is 0.01% off its five-day high and is 0.08% higher than its five-day low of $0.998646318912506.
Tether price is trading near resistance. With support set around $0.999150081826876 and resistance at $0.999533339692781, could face selling pressures soon.
Tether has traded on low volume recently. This means that today’s volume is below its average volume over the past seven days.
What is a token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
Due to a lack of data, this crypto may be less suitable for some investors.
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