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Is BUSD (BUSD) Trending Lower or Higher Sunday?

Sunday, March 31, 2024 07:31 AM | InvestorsObserver Analysts
Is BUSD (BUSD) Trending Lower or Higher Sunday?

BUSD receives an average long-term technical score of 44 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 44% 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 - 44
InvestorsObserver is giving BUSD a 44 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BUSD!

Trading Analysis

The current trading price of $1.010000000 for BUSD is $0.0000000 (0.34%) above the tokens 100-day moving average of $1.000000000. BUSD meanwhile is $0.0100000 (-1003.21%) above its 52-week low of $1.000000000 and -$0.03000000 (-864.10%) under its 52-week high price of $1.040000000. BUSD'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 44. The price movement and range of BUSD suggest that investors are bearish on the token at this time. BUSD has a total market value of $85,032,504.54 with an average average daily volume of $155,837,176.85 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 $19,947,987.78 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).


BUSD's historical trading over the past year gives it a an average long-term technical score of 44 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 BUSD (BUSD).

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