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Tether (USDT) Receives a Bearish Rating Wednesday: Is it Time to Jump Ship?

Wednesday, February 02, 2022 10:33 AM | InvestorsObserver Analysts
Tether (USDT) Receives a Bearish Rating Wednesday: Is it Time to Jump Ship?

Tether (USDT) gets a bearish rating from InvestorsObserver Wednesday. The Stablecoins asset is down 0% to $1 while the broader crypto market is down 1.7%.

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 Stablecoins asset is 0.02% off of its five-day high of $1.

Tether price is currently below support. With support set around $1 and resistance at $1, Tether is potentially in volatile territory as selling pushes the crypto's price below recent support.

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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