Should You Buy Venus USDT (vUSDT) Saturday?

Saturday, May 20, 2023 05:02 PM | InvestorsObserver Analysts

InvestorsObserver gives Venus USDT a strong short-term technical score of 71 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. vUSDT has currently traded better than 71% 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 USDT a 71 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Venus USDT!

Trading Analysis

Venus USDT is $0.000130 (0.59%) above its 30-day low of $0.022156565 while -$0.000047 (-0.21%) below its 30-day high of $0.02233361. In addition, vUSDT's current price of $0.022286678 is above its 30-day moving average price of $0.022255435, leading to a strong short-term technical score. Overall the recent trading history of Venus USDT suggest that investors are bullish on the token at the moment.
vUSDT has a average market cap compared to the majority of tokens with a total market value of $33,121,416.88. The market valuation for Venus USDT is relatively average due to the largest 100 cryptos having a market cap above $1 billion and vUSDT sits underneath that mark but remains above $100 million in market capilization. Venus USDT's average volume is average as $122,990,052.55 worth of the token is typically traded over a 24 hour period. The volume for vUSDT 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 vUSDT's volume is below its average with $17,146,621.61 exchanged. Venus USDT'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

vUSDT'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 USDT (vUSDT).

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