Tether EURt receives a strong long-term technical score of 70 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.
EURt currently holds a superior long-term technical analysis score than 70% 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’.
Trading Analysis
Tether EURt’s price is $0.0100000 (1.04%) above its 100-day moving average price of $1.070000000 as its price at the moment sits at $1.080000000. Additionally, EURt is $0.0400000 (-953.39%) higher than its 52-week low price of $1.040000000 while -$0.05000000 (-790.32%) under its 52-week high of $1.130000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives EURt a strong long-term technical score of 70. Long-term trading movement of Tether EURt suggest that investors are neutral on the token at the moment.
Tether EURt has a market capitalization of $39,341,771.56 and a relatively average average daily volume with $19,030,161.22 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, EURt’s volume is below its seven day average with 2,477,002.54 exchanged.
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).
Summary
Technical analysis of Tether EURt over the past year results in the crypto receiving a a strong long-term technical score of 70 as its price movement in that time has given traders reason to be neutral on the token in the long-term.
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