Tether (USDT) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the Stablecoins has fallen 0% to $1.
Low Volatility
InvestorsObserver gives Tether a low volatility rank of 1, placing it in the bottom 1% of cryptos on the market.
The Volatility Gauge takes into account which means that one day won’t define its volatility rank – a trend will.
USDT’s low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.
Tether price is trading near resistance. With support near $0.999959707260132 and resistance around $1. This positions Tether with potential selling pressures ahead as it may be getting over extended.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.