Tether USDt (USDT) Down 0% Tuesday: What's Next?

Tuesday, April 02, 2024 06:30 AM | InvestorsObserver Analysts

Tether USDt (USDT) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the Stablecoins has dropped 0.05% to $1.

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

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Low Volatility

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

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. USDT's low volatility reading is coupled 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 USDt price is in a favorable position going forward. With support at $0.998918477066672 and resistance near $1. This leaves Tether USDt with room to run before facing selling pressures.