Should You Buy Tether (USDT) Wednesday?

Tether has an average long term technical score of 56. 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 56% 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. find more value in it.

Transaction analysis

USDT is currently 0.0000000 (0.04%) above the 100-day moving average price of $1.000000000 and is currently at $1.000000000. Meanwhile, Tether is $0.0500000 (-1054.29%) above its 52-week low of $0.950000000 and $0.00000000 (-897.57%) below its 52-week high of $1.000000000. The current price compared to the moving average and 52-week highs and lows leads to an average long-term technical score of 56. Trends in Tether’s long-term trading history suggest that traders are currently neutral on the token. Currently, Tether has a market cap of $67,202,150,011.05 and his average daily trading volume over the past seven days is $188,890,877,558.56. USDT volume was below the 7-day average over the last 24 hours, with 38,989,671,158.59 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

Over the past year, USDT has historically traded with an average long-term technical score of 56. This is because the price volatility during that time gave investors a reason to be neutral to the token in the long run. Click here for the full report on Tether (USDT).

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