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Is Binance USD (BUSD) Trending Lower or Higher Sunday?

Sunday, July 17, 2022 07:14 AM | InvestorsObserver Analysts
Is Binance USD (BUSD) Trending Lower or Higher Sunday?

InvestorsObserver gives Binance USD an average long-term technical score of 54 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. BUSD at this time has a superior long-term technical analysis score than 54% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

Long-Term Technical - 54
InvestorsObserver is giving Binance USD a 54 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Binance USD!

Trading Analysis

BUSD is currently $0.0000000 (0.01%) above its 100-day moving average price of $1.000000000 with its current price of $1.000000000. Meanwhile, Binance USD is $0.0100000 (-1004.68%) above its 52-week low price of $1.000000000 and -$0.02000000 (-878.27%) below its 52-week high of $1.020000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 54. Trends for the long-term trading history of Binance USD suggest that traders are currently neutral on the token. Binance USD currently has a total market cap of $17,555,598,333.94 to go along with its average daily volume of $38,034,565,814.63 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 5,531,204,772.50 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 an average long-term technical score of 54 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).

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