Is Venus BUSD (vBUSD) Trending Lower or Higher Friday?

Friday, May 05, 2023 01:09 PM | InvestorsObserver Analysts

Venus BUSD receives a strong short-term technical score of 79 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. vBUSD holds a better recent technical analysis than 79% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving Venus BUSD a 79 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Venus BUSD!
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Trading Analysis

Venus BUSD is $0.000090 (0.41%) above its 30-day low of $0.021981712 while -$0.000013 (-0.06%) below its 30-day high of $0.02208512. In addition, vBUSD's current price of $0.022071724 is above its 30-day moving average price of $0.022030953, leading to a strong short-term technical score. Overall the recent trading history of Venus BUSD suggest that investors are bullish on the token at the moment.
vBUSD has a average market cap compared to the majority of tokens with a total market value of $59,478,229.46. The market valuation for Venus BUSD is relatively average due to the largest 100 cryptos having a market cap above $1 billion and vBUSD sits underneath that mark but remains above $100 million in market capilization. Venus BUSD's average volume is average as $132,014,061.70 worth of the token is typically traded over a 24 hour period. The volume for vBUSD is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours vBUSD's volume is below its average with $19,153,767.09 exchanged. Venus BUSD'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

vBUSD's recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the token in the short-term. Click Here to get the full Report on Venus BUSD (vBUSD).

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