Tether (USDT) gets a bullish rating from InvestorsObserver Monday. The crypto is up 0% to $1 while the broader crypto market is down 1.5%.
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 at a five-day low. The crypto is 0.01% off of its five-day high of $1.
Tether price is trading near support. With support set around $0.999938701124194 and resistance at $1, has plenty of space before hitting 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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