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Binance USD (BUSD): How Does the Chart Look Friday?

Friday, July 22, 2022 07:36 AM | InvestorsObserver Analysts
Binance USD (BUSD): How Does the Chart Look Friday?

Binance USD receives an average long-term technical score of 33 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, BUSD holds a superior long-term technical analysis score than 33% 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.

Long-Term Technical - 33
InvestorsObserver is giving Binance USD a 33 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Binance USD!

Trading Analysis

Binance USD's price is $0.0000000 (-0.01%) below its 100-day moving average price of $1.000000000 as its price at the moment sits at $1.000000000. Additionally, BUSD is $0.0100000 (-1004.70%) higher than its 52-week low price of $1.000000000 while -$0.02000000 (-878.28%) under its 52-week high of $1.020000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives BUSD an average long-term technical score of 33. Long-term trading movement of Binance USD suggest that investors are bearish on the token at the moment. Binance USD has a total market value of $17,552,717,142.68 with an high average daily volume of $42,514,108,949.18 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, BUSD's volume is below its average with $6,218,263,931.25 exchanged in total. 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 Binance USD over the past year results in the crypto receiving a an average long-term technical score of 33 as its price movement in that time has given traders reason to be bearish on the token in the long-term. Click Here to get the full Report on Binance USD (BUSD).

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