Tether USDt (USDT) gets a bearish rating from InvestorsObserver Friday. The Stablecoins asset is down 0.09% to $0.9994295831 while the broader crypto market is down 7.42%.
Bearish
Over the last five days, Tether USDt has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Tether USDt over the past five days by volume and price movement.
The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.
Price Levels
Tether USDt is currently trading near its midpoint for the past five-days. The Stablecoins asset is 0.35% off its five-day high and is 0.12% higher than its five-day low of $0.998254597187042.
Tether USDt price is trading near support. With support set around $0.998765576226377 and resistance at $1, has plenty of space before hitting resistance.
Tether USDt has traded on low volume recently. This means that today’s volume is below its average volume over the past seven days.
What is a token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
Due to a lack of data, this crypto may be less suitable for some investors.
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