Does it Score Poorly on Long-Term Trading Metrics Sunday?

Tether receives an average long-term technical score of 63. investor observer analysis. Our proprietary scoring system takes into account trading patterns from the last few months to his one-year period to analyze the token’s consistency, volatility, and relative relationship to its long-term average, and that it’s a strong buy. Determine if it is an and hold investment opportunity. USDT currently holds a better long-term technical analysis score than 63% of cryptocurrencies. Long-term investors adopting buy-and-hold strategies find long-term rank particularly relevant when allocating assets, finding cryptocurrencies with high short-term technical scores to discover tokens that have bottomed out. I find more value in that.

Transaction analysis

USDT’s current trading price of $1.000000000 is $0.0000000 (0.04%) above the token’s 100-day moving average of $1.000000000. Meanwhile, USDT is $0.0500000 (-1054.28%) above its 52-week low of $0.950000000 and $0.00000000 (-897.57%) below its 52-week high of $1.000000000. Tether’s current price relative to the token’s long-term average and 52-week highs and lows puts the cryptocurrency’s average long-term technical score at 63. USDT’s price volatility and range suggests that investors are neutral on the token at this time. Currently, Tether has a market cap of $66,373,077,755.74 and his average daily volume over the past seven days is $207,221,015,064.59. USDT volume is below the 7-day average over the last 24 hours, with 30,840,606,961.64 traded during that period. A subclass of this token, Stablecoins: Stablecoins are cryptocurrencies with a value designed to track the performance of fiat currencies (such as US dollars and euros).

overview

Tether’s trading pattern over the last year has given investors reason to be neutral on the token due to the token’s consistency, volatility, and relationship to long-term averages, leading to an average long-term technical score of 63 for the token. Click here for the full report on Tether (USDT).

Stay up to date

Subscribe to our daily morning update newsletter so you never miss any market news, moves and more you need to know.