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

Wednesday, January 19, 2022 10:52 AM | InvestorsObserver Analysts
Binance USD (BUSD): How Does the Chart Look Wednesday?

Binance USD receives a strong long-term technical score of 76 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 76% 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 - 76
InvestorsObserver is giving Binance USD a 76 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Binance USD!

Trading Analysis

The current trading price of $1.000000000 for BUSD is $0.0000000 (-0.02%) 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 -$0.03000000 (-876.63%) under its 52-week high price of $1.030000000. 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 76. The price movement and range of BUSD suggest that investors are neutral on the token at this time. Binance USD has a total market value of $14,213,575,035.88 with an high average daily volume of $25,006,606,584.66 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 $3,900,260,242.71 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

BUSD's historical trading over the past year gives it a a strong long-term technical score of 76 as its price movement in that time has given investors reason to be neutral on the token in the long-term. Click Here to get the full Report on Binance USD (BUSD).

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