Is TrueUSD (TUSD) Trending Lower or Higher Sunday?

Sunday, June 12, 2022 11:24 AM | InvestorsObserver Analysts

InvestorsObserver gives TrueUSD an average long-term technical score of 44 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. TUSD at this time has a superior long-term technical analysis score than 44% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

InvestorsObserver is giving TrueUSD a 44 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on TrueUSD!

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Trading Analysis

TrueUSD's price is $0.0000000 (0.11%) above its 100-day moving average price of $1.000000000 as its price at the moment sits at $1.000000000. Additionally, TUSD is $0.0100000 (-1005.97%) higher than its 52-week low price of $0.990000000 while -$0.07000000 (-838.09%) under its 52-week high of $1.070000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives TUSD an average long-term technical score of 44. Long-term trading movement of TrueUSD suggest that investors are bearish on the token at the moment. TrueUSD has a total market value of $1,233,902,906.71 with an high average daily volume of $712,750,312.95 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, TUSD's volume is below its average with $124,969,562.89 exchanged in total. This token's subclass Stablecoins: Stablecoins are cryptocurrencies whose value is designed to track the performance of fiat money (such as the U.S. Dollar or Euro).

Summary

TUSD's historical trading over the past year gives it a an average long-term technical score of 44 as its price movement in that time has given investors reason to be bearish on the token in the long-term. Click Here to get the full Report on TrueUSD (TUSD).