Cream Finance (CREAM): Does it Score Poorly on Long-Term Trading Metrics Monday?

Monday, September 25, 2023 10:47 AM | InvestorsObserver Analysts

Cream Finance receives a strong long-term technical score of 94 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. CREAM currently holds a superior long-term technical analysis score than 94% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Cream Finance a 94 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Cream Finance!

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Trading Analysis

The current trading price of $17.290000000 for CREAM is $1.8500000 (12.00%) above the tokens 100-day moving average of $15.440000000. CREAM meanwhile is $10.8200000 (97.29%) above its 52-week low of $6.470000000 and -$21.58000000 (18.76%) under its 52-week high price of $38.860000000. Cream Finance'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 94. The price movement and range of CREAM suggest that investors are neutral on the token at this time. Cream Finance has a total market value of $32,083,603.99 with an average average daily volume of $233,675,903.85 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, CREAM's volume is below its average with $15,584,956.70 exchanged in total. This token's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

Technical analysis of Cream Finance over the past year results in the crypto receiving a a strong long-term technical score of 94 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 Cream Finance (CREAM).