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Is USD Coin (USDC) Heading the Right Direction Tuesday?

Tuesday, August 16, 2022 06:26 PM | InvestorsObserver Analysts
Is USD Coin (USDC) Heading the Right Direction Tuesday?

InvestorsObserver gives USD Coin an average long-term technical score of 36 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. USDC at this time has a superior long-term technical analysis score than 36% 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.

Long-Term Technical - 36
InvestorsObserver is giving USD Coin a 36 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on USD Coin!

Trading Analysis

The current trading price of $1.000000000 for USDC is $0.0000000 (-0.03%) below the tokens 100-day moving average of $1.000000000. USDC meanwhile is $0.0100000 (-1012.80%) above its 52-week low of $0.990000000 and -$1.35000000 (-383.06%) under its 52-week high price of $2.350000000. USD Coin's current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 36. The price movement and range of USDC suggest that investors are bearish on the token at this time. USD Coin has a market capitalization of $53,455,298,804.14 and a relatively high average daily volume with $42,500,372,129.80 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, USDC's volume is below its seven day average with 6,293,656,922.38 exchanged. 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).


USDC's historical trading over the past year gives it a an average long-term technical score of 36 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 USD Coin (USDC).

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