Tether (USDT) gets a bearish rating from InvestorsObserver Tuesday. The token is down 0% to $1 while the broader crypto market is down 1.91%.
Over the last five days, Tether has earned a Bearish 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 low of $0.999947309494019. The token is 0.04% off its five-day high and is 0.01% higher than its five-day low of $0.999947309494019.
Tether price is trading near support. With support set around $0.999969619226398 and resistance at $1, has plenty of space before hitting resistance.
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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