Tether USDt (USDT) Falls 0%, Underperforms the Crypto Market Tuesday

Tuesday, October 24, 2023 07:23 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 Tuesday, the Stablecoins has dropped 0.02% 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 this makes its score defined by recent trends, rather than a bad day. 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 favorably positioned going forward. With support at $0.999409684648293 and resistance set at $1. This leaves Tether USDt with room to run before facing selling pressures.