InvestorsObserver gives Tether a strong long-term technical score of 78 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.
USDT at this time has a superior long-term technical analysis score than 78% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.
Trading Analysis
USDT is currently $0.0000000 (0.03%) above its 100-day moving average price of $1.000000000 with its current price of $1.000000000. Meanwhile, Tether is $0.0500000 (-1054.31%) above its 52-week low price of $0.950000000 and -$0.03000000 (-871.23%) below its 52-week high of $1.030000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 78. Trends for the long-term trading history of Tether suggest that traders are currently neutral on the token.
Tether has a market capitalization of $67,927,434,329.28 and a relatively high average daily volume with $449,499,730,048.03 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, USDT’s volume is below its seven day average with 42,414,905,944.14 exchanged.
This token’s subclass Stablecoins: Stablecoins are cryptocurrencies whose value is designed to track the performance of fiat money (such as the U.S. Dollar or Euro).
Summary
Technical analysis of Tether over the past year results in the crypto receiving a a strong long-term technical score of 78 as its price movement in that time has given traders reason to be neutral on the token in the long-term.
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