Tether EURt (EURt) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Friday, the Stablecoins has gained 0.41% to $1.07.
Low Volatility
InvestorsObserver gives Tether EURt a low volatility rank of 5, placing it in the bottom 5% of cryptos on the market.
The Volatility Gauge tracks meaning that one day won’t make or break its rank.
EURt’s low volatility reading is coupled 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 EURt price is trading near resistance.is trading above resistance. With support near $1.06 and resistance near $1.07. This positions Tether EURt with potential selling pressures ahead as it may be getting over extended.out of range and potentially in a volatile position if the rally burns out.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.