Tether (USDT) has a Neutral Sentiment Score, is Falling, and Underperforming the Crypto Market Monday: What’s Next?
Tether (USDT) gets a neutral rating from InvestorsObserver Monday. The crypto is down 0% to $1 while the broader crypto market is down 3.7%.
Tether has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Tether!
Over the last five days, Tether has earned a Neutral 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.
Tether is currently trading near its five-day low of $0.999979555606842. The crypto is 0.04% off its five-day high and is 0.00% higher than its five-day low of $0.999979555606842.
Tether price is currently below support. With support set around $1 and resistance at $1, Tether is potentially in volatile territory as selling pushes the crypto’s price below recent support.
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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