Tether (USDT) gets a bearish rating from InvestorsObserver Wednesday. The crypto is down 0.11% to $0.9991246737 while the broader crypto market is down 12.47%.
Over the last five days, Tether has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Tether over the past five days by volume and price movement.
The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.
Tether is currently trading near its five-day low of $0.998702709148336. The crypto is 0.14% off its five-day high and is 0.04% higher than its five-day low of $0.998702709148336.
Tether price is currently below support. With support set around $0.999960212129862 and resistance at $1, Tether is potentially in volatile territory as selling pushes the crypto’s price below recent support.
Tether has traded on low volume recently. This means that today’s volume is below its average volume over the past seven days.
What is a token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
Due to a lack of data, this crypto may be less suitable for some investors.
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