Tether (USDT) has a Neutral Sentiment Score, is Rising, and Underperforming the Crypto Market Friday: What’s Next?

Tether (USDT) gets a neutral rating from InvestorsObserver Friday. The Stablecoins asset is up 0% to $1 while the broader crypto market is up 0.33%.

Neutral

Over the last five days, Tether has earned a Neutral 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.

Price Levels

Tether is currently trading near its midpoint for the past five-days. The Stablecoins asset is 0.02% off its five-day high and is 0.03% higher than its five-day low of $0.999677062034607.

Tether price is well positioned between support and resistance. With support set around $0.999910070016006 and resistance at $1, has some room to run before facing resistance.

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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