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

Wednesday, March 27, 2024 11:39 AM | InvestorsObserver Analysts

Tether USDt (USDT) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the Stablecoins has declined 0.03% to $0.999614084.

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!

See Full Report

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 follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. 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 set at $0.998629676897489 and resistance near $1. This positions Tether USDt with room to run before facing selling pressures.