Should You Buy Tether (USDT) Wednesday?

Tether receives an average long-term technical score of 56 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 56% 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.

Trading Analysis

USDT is currently $0.0000000 (0.04%) above its 100-day moving average price of $1.000000000 with its current price of $1.000000000. Meanwhile, Tether is $0.0500000 (-1054.29%) above its 52-week low price of $0.950000000 and $0.00000000 (-897.57%) below its 52-week high of $1.000000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 56. Trends for the long-term trading history of Tether suggest that traders are currently neutral on the token.

Tether currently has a total market cap of $67,202,150,011.05 to go along with its average daily volume of $188,890,877,558.56 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 38,989,671,158.59 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).

Summary

USDT’s historical trading over the past year gives it a an average long-term technical score of 56 as its price movement in that time has given investors reason to be neutral on the token in the long-term.

Click Here to get the full Report on Tether (USDT).

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