Is CREDIT (CREDIT) Heading the Right Direction Friday?

Friday, September 22, 2023 08:09 PM | InvestorsObserver Analysts

CREDIT receives an average long-term technical score of 50 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin'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. CREDIT currently holds a superior long-term technical analysis score than 50% 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. coins 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 CREDIT a 50 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on CREDIT!

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Trading Analysis

CREDIT's price is -$0.0000078 (-41.33%) below its 100-day moving average price of $0.000018776 as its price at the moment sits at $0.000011016. Additionally, CREDIT is $0.0000094 (-665910757.89%) higher than its 52-week low price of $0.000001652 while -$0.00047448 (-2059754.53%) under its 52-week high of $0.000485494. The current trading price in relation to its long-term average along with its 52-week high and low, gives CREDIT an average long-term technical score of 50. Long-term trading movement of CREDIT suggest that investors are bearish on the coin at the moment. CREDIT currently has a total market cap of $26,718.04 to go along with its average daily volume of $593.40 worth of the currency over the past seven days. CREDIT's volume is below its seven day average as of the past 24 hours, with 80.59 exchanged in that period.

Summary

CREDIT's historical trading over the past year gives it a an average long-term technical score of 50 as its price movement in that time has given investors reason to be bearish on the coin in the long-term. Click Here to get the full Report on CREDIT (CREDIT).