What do the Short-Term Technicals Predict for Venus USDC (vUSDC) Friday?

Friday, May 05, 2023 06:18 PM | InvestorsObserver Analysts

Venus USDC receives a strong short-term technical score of 93 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. vUSDC holds a better recent technical analysis than 93% 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 USDC a 93 Short-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 is $0.000115 (0.52%) higher than its 30-day low price of $0.021977670 while also -$0.000021 (-0.10%) lower than its high of $0.02211375 from the past month of trading. Meanwhile, vUSDC's current price of $0.022092646 is above its average price of $0.022044146 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 relatively average market cap for a token with a total market value of $105,404,346.90. 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 meanwhile is average with $239,923,637.31 worth of the token traded over a typical 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. As of the past 24 hours, vUSDC's volume is below its average with $31,584,048.88 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

Venus USDC's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement. Click Here to get the full Report on Venus USDC (vUSDC).

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