InvestorsObserver gives USD Coin an average long-term technical score of 45 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.
USDC at this time has a superior long-term technical analysis score than 45% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.
Trading Analysis
USDC is currently $0.0000000 (0.04%) above its 100-day moving average price of $1.000000000 with its current price of $1.000000000. Meanwhile, USD Coin is $0.0100000 (-1012.74%) above its 52-week low price of $0.990000000 and -$1.35000000 (-383.03%) below its 52-week high of $2.350000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 45. Trends for the long-term trading history of USD Coin suggest that traders are currently bearish on the token.
USD Coin has a total market value of $54,014,312,000.85 with an high average daily volume of $36,965,658,140.60 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, USDC’s volume is below its average with $5,860,548,891.15 exchanged in total.
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 an average long-term technical score of 45 as its price movement in that time has given traders reason to be bearish on the token in the long-term.
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