Tether (USDT) Remains Neutral%, Underperforms the Crypto Market Friday

Friday, February 03, 2023 07:29 PM | InvestorsObserver Analysts

Tether (USDT) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the Stablecoins has fallen 0% to $1.

InvestorsObserver is giving Tether a 1 Volatility Rank. Find out what this means to you and get the rest of the rankings on Tether!

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Low Volatility

InvestorsObserver gives Tether a low volatility rank of 1, placing it in the bottom 1% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. USDT's low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.

Tether price is trading near resistance. With support near $0.999959707260132 and resistance around $1. This positions Tether with potential selling pressures ahead as it may be getting over extended.