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

Monday, September 05, 2022 02:44 PM | InvestorsObserver Analysts

Binance USD receives a strong long-term technical score of 77 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 77% 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 Binance USD a 77 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Binance USD!

See Full Report

Trading Analysis

The current trading price of $1.000000000 for BUSD is $0.0000000 (-0.03%) below the tokens 100-day moving average of $1.000000000. BUSD meanwhile is $0.0000000 (-1004.74%) above its 52-week low of $1.000000000 and -$0.02000000 (-878.32%) under its 52-week high price of $1.020000000. Binance USD's current price relative to the tokens long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 77. The price movement and range of BUSD suggest that investors are neutral on the token at this time. Binance USD currently has a total market cap of $19,432,343,555.77 to go along with its average daily volume of $41,352,764,970.83 worth of the currency over the past seven days. BUSD's volume is below its seven day average as of the past 24 hours, with 6,447,137,054.27 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 Binance USD over the past year results in the crypto receiving a a strong long-term technical score of 77 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 Binance USD (BUSD).