Is Monero Classic (XMC) Trending Lower or Higher Monday?

Monday, June 20, 2022 06:48 AM | InvestorsObserver Analysts

Monero Classic receives a strong long-term technical score of 91 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. XMC currently holds a superior long-term technical analysis score than 91% 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 Monero Classic a 91 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Monero Classic!

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Trading Analysis

The current trading price of $0.170000000 for XMC is -$0.1000000 (-37.14%) below the coins 100-day moving average of $0.270000000. XMC meanwhile is $0.1500000 (-47226.37%) above its 52-week low of $0.020000000 and -$0.40000000 (-1716.22%) under its 52-week high price of $0.570000000. Monero Classic's current price relative to the coins long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 91. The price movement and range of XMC suggest that investors are neutral on the coin at this time. Monero Classic has a market capitalization of $3,296,877.23 and a relatively low average daily volume with $5,359.93 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, XMC's volume is below its seven day average with 496.75 exchanged.

Summary

Trading patterns over the last year for Monero Classic leads to the coin's a strong long-term technical score of 91 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin. Click Here to get the full Report on Monero Classic (XMC).