Tether USDt (USDT) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the Stablecoins has dropped 0.01% 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 in a favorable position going forward. With support around $0.99832349801681 and resistance set at $1. This positions Tether USDt with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.