Tether USDt (USDT) has been relatively less volatile compared to the crypto market. So far Sunday, the Stablecoins has increased 0% to $1.
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 takes into account this makes its score defined by recent trends, rather than a bad day.
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 trading near resistance. With support at $0.999793887138367 and resistance at $1. This positions Tether USDt 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.