Is Binance USD (BUSD) Heading the Right Direction Sunday?

Sunday, September 25, 2022 03:03 PM | InvestorsObserver Analysts

Binance USD receives a strong long-term technical score of 71 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. BUSD currently holds a superior long-term technical analysis score than 71% 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 Binance USD a 71 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Binance USD!

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Trading Analysis

The current trading price of $1.000000000 for BUSD is $0.0000000 (-0.01%) below the tokens 100-day moving average of $1.000000000. BUSD meanwhile is $0.0000000 (-1004.73%) above its 52-week low of $1.000000000 and -$0.02000000 (-878.31%) 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 71. The price movement and range of BUSD suggest that investors are neutral on the token at this time. Binance USD has a market capitalization of $20,517,595,072.79 and a relatively high average daily volume with $48,482,125,724.92 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, BUSD's volume is below its seven day average with 6,548,489,301.79 exchanged. 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

Trading patterns over the last year for Binance USD leads to the token's a strong long-term technical score of 71 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token. Click Here to get the full Report on Binance USD (BUSD).