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Is TerraClassicUSD (UST) Heading the Right Direction Friday?

Friday, May 27, 2022 08:37 AM | InvestorsObserver Analysts
Is TerraClassicUSD (UST) Heading the Right Direction Friday?

TerraClassicUSD receives a weak short-term technical ranking of 3 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. UST has a superior recent technical analysis than 3% of coins based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

Short-Term Technical - 3
InvestorsObserver is giving TerraClassicUSD a 3 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on TerraClassicUSD!

Trading Analysis

TerraClassicUSD is $0.000960 (2.73%) above its 30-day low of $0.035108550 while -$0.967259 (-96.41%) below its 30-day high of $1.00332737. In addition, UST's current price of $0.036068262 is under its 30-day moving average price of $0.556154773, leading to a weak short-term technical score. Overall the recent trading history of TerraClassicUSD suggest that investors are bearish on the coin at the moment.
TerraClassicUSD's market cap of $406,812,171.35 is relatively average for a coin. The market valuation for TerraClassicUSD is relatively average due to the largest 100 cryptos having a market cap above $1 billion and UST sits underneath that mark but remains above $100 million in market capilization. Meanwhile, UST's average volume is average with $813,463,273.59 worth of the coin traded over an average 24 hour period. The volume for UST is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the last 24 hours, UST's volume is below its usual with $38,453,033.10 exchanged.

Summary

UST's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the coin in the short-term. Click Here to get the full Report on TerraClassicUSD (UST).

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