Is CREDIT (CREDIT) Trending Lower or Higher Friday?

Friday, December 09, 2022 07:30 PM | InvestorsObserver Analysts

CREDIT receives a weak long-term technical score of 1 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, CREDIT holds a superior long-term technical analysis score than 1% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

InvestorsObserver is giving CREDIT a 1 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 -$0.0000612 (-94.37%) below its 100-day moving average price of $0.000064870 as its price at the moment sits at $0.000003654. Additionally, CREDIT is $0.0000017 (-562332648.25%) higher than its 52-week low price of $0.000001956 while -$0.00063516 (-1565391.60%) under its 52-week high of $0.000638818. 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 1. Long-term trading movement of CREDIT suggest that investors are bearish on the coin at the moment. CREDIT has a market capitalization of $8,862.85 and a relatively low average daily volume with $2,837.33 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, CREDIT's volume is below its seven day average with 415.93 exchanged.

Summary

CREDIT's historical trading over the past year gives it a a weak long-term technical score of 1 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).