Tether (USDT) Gains Bearish Valuation investor observer Tuesday. The token fell 0% to $1 while the broader crypto market fell 1.91%.
Over the past 5 days, Tether has received a bearish rating. investor observer sentiment score. Sentiment Score measures Tether’s performance over the last 5 days by volume and price movements.
Sentiment Score is a quick and quick look at the recent performance of a cryptocurrency. This helps both short-term investors looking to ride rallies and long-term investors looking to buy dips.
Tether is currently trading near the 5-day low of 0.999947309494019. The token is 0.04% away from its 5-day high and 0.01% higher than its 5-day low of $0.999947309494019.
Tether price is trading close to the support. With the support set around $0.999969619226398 and the resistance set at $1, there is plenty of space before reaching the resistance.
Tether has recently been trading in small amounts. This means that today’s volume is below the average volume of the last 7 days.
What is a token?
A token is a digital asset that exists on the blockchain of another cryptocurrency.
Due to the lack of data, this crypto may not be very suitable for some investors.
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