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

Sunday, August 21, 2022 04:28 PM | InvestorsObserver Analysts
Tether (USDT) Receives a Neutral Rating Sunday: Is it Time to Get on Board?

Tether (USDT) gets a neutral rating from InvestorsObserver Sunday. The crypto is up 0.01% to $1 while the broader crypto market is up 2.25%.

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

Neutral

Over the last five days, Tether has earned a Neutral 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 low of $0.999935448169708. The crypto is 0.04% off its five-day high and is 0.01% higher than its five-day low of $0.999935448169708.

Tether price is well positioned between support and resistance. With support set around $0.999882997584055 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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