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

Thursday, June 02, 2022 03:08 PM | InvestorsObserver Analysts
Tether (USDT) Receives a Bullish Rating Thursday: Is it Time to Get on Board?

Tether (USDT) gets a bullish rating from InvestorsObserver Thursday. The crypto is up 0.03% to $0.9993403687 while the broader crypto market is down 0.1%.

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

Bullish

Over the last five days, Tether has earned a Bullish 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 near its five-day high of $0.99950236082077. The crypto is 0.02% off its five-day high and is 0.06% higher than its five-day low of $0.998779058456421.

Tether price is trading near resistance. With support set around $0.998791422043843 and resistance at $0.999425019417805, could face selling pressures soon.

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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