Tether USDt (USDT) has been relatively less volatile compared to the crypto market. So far Saturday, the Stablecoins has declined 0.01% to $0.9998024236.
Low Volatility
InvestorsObserver gives Tether USDt a low volatility rank of 1, placing it in the bottom 1% of cryptos on the market.
The Volatility Gauge analyzes this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
USDT’s low volatility reading comes 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 USDt price is well positioned going forward. With support set at $0.999271988670518 and resistance near $1. This leaves Tether USDt with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.