Very Bullish-Rated Tether (USDT) Rises Saturday to $1

Saturday, December 04, 2021 06:03 AM | InvestorsObserver Analysts

Tether (USDT) gets a very bullish rating from InvestorsObserver Saturday. The token is up 0.08% to $1 while the broader crypto market is down 15.68%.

Tether has a Very Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Tether!

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Very Bullish

Over the last five days, Tether has earned a Very Bullish 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 price is comfortably positioned between support and resistance. With support set around $0.997768814667792 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. Tether has maintained a low reading on the InvestorsObserver Volatility Rank as it has faced low volatility relative to the crypto market during the past 60 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