Tether receives a strong long-term technical score of 83 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
Currently, USDT holds a superior long-term technical analysis score than 83% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.
Tether’s price is $0.0000000 (-0.04%) below its 100-day moving average price of $1.000000000 as its price at the moment sits at $1.000000000. Additionally, USDT is $0.0000000 (-1002.00%) higher than its 52-week low price of $1.000000000 while -$0.03000000 (-871.24%) under its 52-week high of $1.030000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives USDT a strong long-term technical score of 83. Long-term trading movement of Tether suggest that investors are neutral on the token at the moment.
Tether currently has a total market cap of $83,215,180,411.09 to go along with its average daily volume of $323,289,736,806,187.00 worth of the currency over the past seven days. USDT’s volume is below its seven day average as of the past 24 hours, with 97,587,285,693.06 exchanged in that period.
This token’s subclass Stablecoins: Stablecoins are cryptocurrencies whose value is designed to track the performance of fiat money (such as the U.S. Dollar or Euro).
Technical analysis of Tether over the past year results in the crypto receiving a a strong long-term technical score of 83 as its price movement in that time has given traders reason to be neutral on the token in the long-term.
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