Tether EURt (EURt) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the Stablecoins has dropped 0.19% to $1.05.
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 which means that one day won’t define its volatility rank – a trend will.
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 trading near resistance. With support set at $1.05 and resistance set at $1.05. This leaves Tether EURt with potential selling pressures ahead as it may be getting over extended.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.