Tether (USDT) gets a bearish rating from InvestorsObserver Sunday. The Stablecoins asset is down 0% to $1 while the broader crypto market is up 1.46%.
Bearish
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.
Price Levels
Tether is currently trading at a five-day low. The Stablecoins asset is 0.00% off of its five-day high of $1.
Tether price is comfortably positioned between support and resistance. With support set around $0.999752414466953 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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