Tether (USDT) gets a bullish rating from InvestorsObserver Thursday. The crypto is up 0.02% to $0.9992411136 while the broader crypto market is up 5.57%.
Bullish
Over the last five days, Tether has earned a Bullish 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 five-day high of $0.99934472982567. The crypto is 0.01% off its five-day high and is 0.05% higher than its five-day low of $0.998704731464386.
Tether price is currently above resistance. With support set around $0.998928369418545 and resistance at $0.999188662902279, Tether is potentially in a volatile position if the rally burns out.
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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