Is Tether EURt (EURt) Trending Lower or Higher Sunday?

Sunday, October 01, 2023 07:15 PM | InvestorsObserver Analysts

Tether EURt receives an average long-term technical score of 59 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, EURt holds a superior long-term technical analysis score than 59% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

InvestorsObserver is giving Tether EURt a 59 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Tether EURt!

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Trading Analysis

Tether EURt's price is -$0.0300000 (-2.89%) below its 100-day moving average price of $1.090000000 as its price at the moment sits at $1.060000000. Additionally, EURt is $0.0900000 (-1030.85%) higher than its 52-week low price of $0.960000000 while -$0.07000000 (-792.44%) under its 52-week high of $1.130000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives EURt an average long-term technical score of 59. Long-term trading movement of Tether EURt suggest that investors are neutral on the token at the moment. Tether EURt has a total market value of $38,471,070.43 with an average average daily volume of $11,560,532.59 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, EURt's volume is below its average with $1,870,834.94 exchanged in total. This token's subclass Stablecoins: Stablecoins are cryptocurrencies whose value is designed to track the performance of fiat money (such as the U.S. Dollar or Euro).

Summary

Trading patterns over the last year for Tether EURt leads to the token's an average long-term technical score of 59 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token. Click Here to get the full Report on Tether EURt (EURt).