Is USD Coin (USDC) Trending Lower or Higher Wednesday?

Wednesday, July 05, 2023 11:59 AM | InvestorsObserver Analysts

InvestorsObserver gives USD Coin an average long-term technical score of 62 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 62% 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 USD Coin a 62 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on USD Coin!

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Trading Analysis

USD Coin's price is $0.0000000 (0.00%) below its 100-day moving average price of $1.000000000 as its price at the moment sits at $1.000000000. Additionally, USDC is $0.1200000 (-1139.74%) higher than its 52-week low price of $0.880000000 while -$0.01000000 (-893.46%) under its 52-week high of $1.010000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives USDC an average long-term technical score of 62. Long-term trading movement of USD Coin suggest that investors are neutral on the token at the moment. USD Coin currently has a total market cap of $27,657,000,847.27 to go along with its average daily volume of $23,194,103,911.37 worth of the currency over the past seven days. USDC's volume is below its seven day average as of the past 24 hours, with 3,122,031,171.87 exchanged in that period. 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

USDC's historical trading over the past year gives it a an average long-term technical score of 62 as its price movement in that time has given investors reason to be neutral on the token in the long-term. Click Here to get the full Report on USD Coin (USDC).