Tether is Down for the 4th Day in a Row

The Hourly View for Tether

  • At the moment, 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 13 of the past 14 hours.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes.
  • Of note is that the 100 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

  • At the time of this writing, USDT’s price is down $0 (0%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Tether has now gone down 5 of the past 5 days.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • 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 has a daily large transaction count of 4460, down 38.81% from its value day prior.
  • Over the past 29 weeks, the trend for USDT’s number of daily new addresses has been choppy and unclear. It has oscillated between 14456 and 59023.
  • USDT’s average transaction value now stands at 37859.3351.