THORChain (RUNE): Does it Score Well on Long-Term Trading Metrics Tuesday?

Tuesday, July 05, 2022 07:50 PM | InvestorsObserver Analysts

THORChain receives an average long-term technical score of 64 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, RUNE holds a superior long-term technical analysis score than 64% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

InvestorsObserver is giving THORChain a 64 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on THORChain!
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Trading Analysis

THORChain's price is -$3.1400000 (-59.88%) below its 100-day moving average price of $5.250000000 as its price at the moment sits at $2.100000000. Additionally, RUNE is $0.6600000 (-614.99%) higher than its 52-week low price of $1.450000000 while -$15.16000000 (-45.75%) under its 52-week high of $17.260000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives RUNE an average long-term technical score of 64. Long-term trading movement of THORChain suggest that investors are neutral on the token at the moment. THORChain has a total market value of $695,898,507.98 with an average average daily volume of $626,446,956.33 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, RUNE's volume is below its average with $216,538,185.56 exchanged in total. This token's subclass Decentralized Exchange: A peer-to-peer (P2P) marketplace for buyers and sellers of cryptocurrencies. Decentralized exchanges keep users in control of their private keys during transactions which is not the case on a centralized exchange.

Summary

Trading patterns over the last year for THORChain leads to the token's an average long-term technical score of 64 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token. Click Here to get the full Report on THORChain (RUNE).

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