Tether receives an average long-term technical score of 54 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 54% 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’.
USDT is currently $0.0000000 (0.02%) above its 100-day moving average price of $1.000000000 with its current price of $1.000000000. Meanwhile, Tether is $0.0500000 (-1054.31%) above its 52-week low price of $0.950000000 and $0.00000000 (-897.59%) below its 52-week high of $1.000000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 54. Trends for the long-term trading history of Tether suggest that traders are currently neutral on the token.
Tether currently has a total market cap of $67,813,155,080.22 to go along with its average daily volume of $247,822,546,461.32 worth of the currency over the past seven days. USDT’s volume is below its seven day average as of the past 24 hours, with 32,929,796,618.81 exchanged in that period.
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).
USDT’s historical trading over the past year gives it a an average long-term technical score of 54 as its price movement in that time has given investors reason to be neutral on the token in the long-term.