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Tether (USDT) Receives a Bearish Rating Thursday: Is it Time to Get on Board?

Thursday, April 28, 2022 02:05 PM | InvestorsObserver Analysts
Tether (USDT) Receives a Bearish Rating Thursday: Is it Time to Get on Board?

Tether (USDT) gets a bearish rating from InvestorsObserver Thursday. The crypto is up 0% to $1 while the broader crypto market is up 3.18%.

Sentiment Score - ,
Tether has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Tether!

Bearish

Over the last five days, Tether has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Tether over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Tether is currently trading at a five-day low. The crypto is 0.00% off of its five-day high of $1.

Tether price is favorably positioned between support and resistance. With support set around $0.999910341417993 and resistance at $1, has some room to run before facing resistance.

Tether has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Tether

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