Tether receives a strong long-term technical score of 80 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
Currently, USDT holds a superior long-term technical analysis score than 80% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.
Trading Analysis
USDT is currently $0.0000000 (-0.02%) below its 100-day moving average price of $1.000000000 with its current price of $1.000000000. Meanwhile, Tether is $0.0000000 (-1001.97%) above its 52-week low price of $1.000000000 and -$0.03000000 (-871.21%) 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 80. Trends for the long-term trading history of Tether suggest that traders are currently neutral on the token.
Tether has a market capitalization of $82,666,931,293.02 and a relatively high average daily volume with $385,733,529,434.57 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 54,173,006,605.58 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
USDT’s historical trading over the past year gives it a a strong long-term technical score of 80 as its price movement in that time has given investors reason to be neutral on the token in the long-term.
Click Here to get the full Report on Tether (USDT).
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