Tether EURt (EURt) has been relatively less volatile compared to the crypto market. So far Monday, the Stablecoins has declined 0.09% to $1.06.
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 pairs 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 in a favorable position going forward. With support at $1.06 and resistance set at $1.06. This leaves Tether EURt with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.