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

Sunday, February 05, 2023 07:39 PM | InvestorsObserver Analysts

Tether receives an average long-term technical score of 63 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, USDT holds a superior long-term technical analysis score than 63% 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 a 63 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Tether!

See Full Report

Trading Analysis

The current trading price of $1.000000000 for USDT is $0.0000000 (0.04%) above the tokens 100-day moving average of $1.000000000. USDT meanwhile is $0.0500000 (-1054.29%) above its 52-week low of $0.950000000 and $0.00000000 (-897.57%) under its 52-week high price of $1.000000000. Tether's current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 63. The price movement and range of USDT suggest that investors are neutral on the token at this time. Tether has a market capitalization of $68,079,233,565.17 and a relatively high average daily volume with $246,688,902,482.05 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, USDT's volume is below its seven day average with 30,303,950,073.59 exchanged. 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

USDT's historical trading over the past year gives it a an average long-term technical score of 63 as its price movement in that time has given investors reason to be neutral on the token in the long-term. Click Here to get the full Report on Tether (USDT).