Tether USDt (USDT) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Friday, the Stablecoins has dropped 0.04% 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 analyzes which means that one day won’t define its volatility rank – a trend will.
USDT’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 USDt price is trading near resistance. With support at $0.999180030698826 and resistance set at $1. This leaves 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.