Tether (USDT): Does it Score Poorly on Long-Term Trading Metrics Monday?

Monday, August 08, 2022 07:02 AM | InvestorsObserver Analysts

InvestorsObserver gives Tether a strong long-term technical score of 85 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. USDT at this time has a superior long-term technical analysis score than 85% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

InvestorsObserver is giving Tether a 85 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Tether!

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Trading Analysis

The current trading price of $1.000000000 for USDT is $0.0000000 (0.08%) above the tokens 100-day moving average of $1.000000000. USDT meanwhile is $0.0500000 (-1054.30%) above its 52-week low of $0.950000000 and -$0.03000000 (-871.22%) under its 52-week high price of $1.030000000. Tether's current price relative to the tokens long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 85. The price movement and range of USDT suggest that investors are neutral on the token at this time. Tether has a total market value of $66,486,262,036.13 with an high average daily volume of $266,679,306,627.55 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, USDT's volume is below its average with $39,405,595,757.55 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 leads to the token's a strong long-term technical score of 85 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 (USDT).