Is Momentum Changing for Tether? Price Just Crossed Below Its 50 Day Moving Average

The Hourly View for Tether

  • At the time of this writing, USDT’s price is down $0 (0%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as Tether has now gone down 8 of the past 10 hours.
  • Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
  • Of note is that the 20 hour changed directions on USDT; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Tether’s hourly price chart is shown below.

USDT

The Daily View for Tether

  • Currently, USDT’s price is up $0 (0.1%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Tether has now gone down 8 of the past 10 days.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Regarding moving averages, it should first be noted that price has crossed the 100, 20, 200 and 50 day moving averages, resulting in them so that price is now turning above them. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Below is a daily price chart of Tether.

USDT

The Latest From USDT’s Blockchain

  • USDT’s average transaction value now stands at 34000.1659.
  • Over the past 29 weeks, USDT’s average transaction value has been in a clear uptrend, growing by about 226.86 per day.
  • USDT has a count of active addresses of 143948, up 71.63% from its value 1 days prior.