Venus USDC (VUSDC): How Does the Chart Look Thursday?

Thursday, May 18, 2023 07:16 PM | InvestorsObserver Analysts

Venus USDC receives a strong long-term technical score of 93 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, vUSDC holds a superior long-term technical analysis score than 93% 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 Venus USDC a 93 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Venus USDC!
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Trading Analysis

Venus USDC's price is $0.0001379 (0.63%) above its 100-day moving average price of $0.021979448 as its price at the moment sits at $0.022117316. Additionally, vUSDC is $0.0022430 (-55236.51%) higher than its 52-week low price of $0.019874325 while -$0.00002754 (-45057.33%) under its 52-week high of $0.022144858. The current trading price in relation to its long-term average along with its 52-week high and low, gives vUSDC a strong long-term technical score of 93. Long-term trading movement of Venus USDC suggest that investors are neutral on the token at the moment. Venus USDC currently has a total market cap of $105,522,048.84 to go along with its average daily volume of $78,252,570.29 worth of the currency over the past seven days. vUSDC's volume is below its seven day average as of the past 24 hours, with 10,821,713.30 exchanged in that period. 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 Venus USDC over the past year results in the crypto receiving a a strong long-term technical score of 93 as its price movement in that time has given traders reason to be neutral on the token in the long-term. Click Here to get the full Report on Venus USDC (vUSDC).

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