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Price Analysis

Tether Price Comes Under The Selling Pressure and Deals with Loss

  • Tether (USDT) deals with the bear.
  • Intraday trading might not give positive results to investors.

Tether (USDT) has started the day with a positive digit. The market is also opened with the same trend, but eventually came under selling pressure. Tether (USDT) is expected to behave the same. The day doesn’t hold many expectations from the coin. However, the coin would recover rapidly tomorrow. The expectations with Tether are high. We are positive that the coin would give flourishing result in the coming days.

To understand the momentum of the coin more precisely, let’s have a look at the price chart.

Tether Intraday Price Chart:

The chart is taken from Trading View on September 09, 2019 at 07:25:01 UTC for price analysis.

USDT to USD Price
Tether Price Chart by TradingView

Yesterday, the coin opened the day at $1. There was an uptrend marked in the coin. The price counters changed from $1.001 to $1.003 by 0.21%. Later, the coin fell from $1.003 to $0.999 by 0.39%. The coin closed at $1 with an intraday loss of 0.17%. Today, the coin started the day with a fall of 0.20%. The price counter changed from $1 to $0.99.

Summary of the Statistics:

  • The price of USDT is at 0.99 USD.
  • The ROI is marked at 0.41%.
  • The market cap is noted as 4,087,977,324 USD.
  • The circulating supply has 4,071,193,568 USDT.
  • The 24hr volume is at 16,071,729,627 USD.

Tether Price Prediction and Conclusion:

Tether (USDT) price has dealt with the ups and downs during the entire week. However, the result is on the positive side. The same is a major reason for the coin to deal at the 6th position in the crypto market (as per CoinMarketCap).

In the coming years, the coin is anticipated to deal with a good amount of profit. We would suggest going for long term investment to register a colossal profit. The current scenario in the coin is quite volatile; it is highly recommended to diverge the investment to cut short the risk.

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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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