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Price Analysis

Tether Goes Opposite of the Market by Cutting 0.21% in the Value Overnight

  • Tether falls by 0.21% over the last 24 hours.
  • The next resistance is likely to come at 1.014 USD.

Tether (USDT) has gone opposite to the overall market trend and in the last 24 hours, it has lost 0.21%. The value is constantly hovering around 1 USD and it has fallen to as low as 0.995 USD in this period.

Tether Price Analysis:

Tether was being traded at 1.00363705 USD at the opening of yesterday and in the next four and a half hours, it went as low as 0.9950 USD after a 0.86% fall. It was followed by a hike of 1.27%; it helped USDT to gain 0.012 USD and it reached 1.00765764 USD by 13:32 UTC. The third variation happened between 13:32 UTC and 21:16 UTC and this swing took 0.0081 USD from the overall value and pushed it to 0.99950988 USD. The final swing of Tether happened between 21:16 UTC and 23:58 UTC; this swing added 0.0081 USD and placed the value at 1.0077 USD.

Tether Price
Tether Chart By Tradingview

USDT Price Prediction:

Tether’s current price trend is constantly chasing its 20 days and 50 days average and it shows the potential of growth possessed by the coin. The upcoming days may see some strengthening and it may find the next resistance at 1.014 USD.

Resistance and Support Levels:

Tether (USDT)
1st Resistance$ 1.007353667
2nd Resistance$ 1.014707333
3rd Resistance$ 1.019414667
1st Support Level$ 0.995292667
2nd Support Level$ 0.990585333
3rd Support Level$ 0.983231667

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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