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Is Anchor Protocol (ANC) Trending Lower or Higher Monday?

Monday, May 09, 2022 05:55 PM | InvestorsObserver Analysts
Is Anchor Protocol (ANC) Trending Lower or Higher Monday?

Anchor Protocol receives a weak long-term technical score of 2 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. ANC currently holds a superior long-term technical analysis score than 2% 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'.

Long-Term Technical - 2
InvestorsObserver is giving Anchor Protocol a 2 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Anchor Protocol!

Trading Analysis

The current trading price of $1.070000000 for ANC is -$1.4300000 (-57.31%) below the tokens 100-day moving average of $2.500000000. ANC meanwhile is $0.0400000 (-965.13%) above its 52-week low of $1.030000000 and -$5.11000000 (-144.58%) under its 52-week high price of $6.180000000. Anchor Protocol's current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 2. The price movement and range of ANC suggest that investors are bearish on the token at this time. Anchor Protocol has a market capitalization of $367,307,955.65 and a relatively average average daily volume with $792,551,330.29 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, ANC's volume is below its seven day average with 138,175,247.66 exchanged.

Summary

ANC's historical trading over the past year gives it a a weak long-term technical score of 2 as its price movement in that time has given investors reason to be bearish on the token in the long-term. Click Here to get the full Report on Anchor Protocol (ANC).

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