Is MultiversX (EGLD) Trending Lower or Higher Thursday?

Thursday, March 28, 2024 04:41 PM | InvestorsObserver Analysts

MultiversX receives an average long-term technical score of 41 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. EGLD currently holds a superior long-term technical analysis score than 41% 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 MultiversX a 41 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on MultiversX!

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Trading Analysis

The current trading price of $61.180000000 for EGLD is $1.2400000 (2.07%) above the coins 100-day moving average of $59.940000000. EGLD meanwhile is $38.8800000 (224.99%) above its 52-week low of $22.300000000 and -$16.62000000 (65.78%) under its 52-week high price of $77.800000000. MultiversX's current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 41. The price movement and range of EGLD suggest that investors are bearish on the coin at this time. MultiversX has a total market value of $1,636,494,580.78 with an high average daily volume of $363,337,464.54 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, EGLD's volume is below its average with $31,925,796.79 exchanged in total.

Summary

EGLD's historical trading over the past year gives it a an average long-term technical score of 41 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 MultiversX (EGLD).