Is Venus USDC (vUSDC) Heading the Wrong Direction Friday?

Friday, March 29, 2024 08:09 AM | InvestorsObserver Analysts

InvestorsObserver gives Venus USDC a strong short-term technical score of 78 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. vUSDC has currently traded better than 78% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Venus USDC a 78 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Venus USDC!
See Full Report

Trading Analysis

Venus USDC is $0.000381 (1.64%) higher than its 30-day low price of $0.023204900 while also -$0.000002 (-0.01%) lower than its high of $0.02358845 from the past month of trading. Meanwhile, vUSDC's current price of $0.023586346 is above its average price of $0.023416732 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Venus USDC suggest that traders are currently bullish on the token.
vUSDC has a average market cap compared to the majority of tokens with a total market value of $112,530,812.50. The market valuation for Venus USDC is relatively average due to the largest 100 cryptos having a market cap above $1 billion and vUSDC sits underneath that mark but remains above $100 million in market capilization. Venus USDC's average volume is average as $891,022,562.85 worth of the token is typically traded over a 24 hour period. The volume for vUSDC 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 vUSDC's volume is below its average with $125,164,157.39 exchanged. Venus USDC'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

vUSDC'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 USDC (vUSDC).

Share this article:

Related Articles