Is Venus USDC (vUSDC) Heading the Right Direction Monday?

Monday, November 07, 2022 08:28 AM | InvestorsObserver Analysts

Venus USDC receives a strong long-term technical score of 90 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, vUSDC holds a superior long-term technical analysis score than 90% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

InvestorsObserver is giving Venus USDC a 90 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Venus USDC!

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Trading Analysis

vUSDC is currently $0.0000725 (0.34%) above its 100-day moving average price of $0.021624716 with its current price of $0.021697185. Meanwhile, Venus USDC is $0.0007056 (-52298.66%) above its 52-week low price of $0.020991556 and -$0.01383853 (-28079.64%) below its 52-week high of $0.035535719. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 90. Trends for the long-term trading history of Venus USDC suggest that traders are currently neutral on the token. Venus USDC has a market capitalization of $103,517,597.12 and a relatively average average daily volume with $92,825,341.18 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, vUSDC's volume is below its seven day average with 12,073,877.26 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).

Summary

vUSDC's historical trading over the past year gives it a a strong long-term technical score of 90 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 Venus USDC (vUSDC).