USD Coin receives a strong long-term technical score of 77 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
USDC currently holds a superior long-term technical analysis score than 77% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.
Trading Analysis
USD Coin’s price is $0.0000000 (-0.01%) below its 100-day moving average price of $1.000000000 as its price at the moment sits at $1.000000000. Additionally, USDC is $0.0100000 (-1012.80%) higher than its 52-week low price of $0.990000000 while -$1.35000000 (-383.06%) under its 52-week high of $2.350000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives USDC a strong long-term technical score of 77. Long-term trading movement of USD Coin suggest that investors are neutral on the token at the moment.
USD Coin has a market capitalization of $43,433,979,084.99 and a relatively high average daily volume with $23,270,776,506.41 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, USDC’s volume is below its seven day average with 3,358,462,356.71 exchanged.
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
Technical analysis of USD Coin over the past year results in the crypto receiving a a strong long-term technical score of 77 as its price movement in that time has given traders reason to be neutral on the token in the long-term.
Read More:Is USD Coin (USDC) Trending Lower or Higher Saturday?
