Monero Classic (XMC): How Does the Chart Look Sunday?

Sunday, July 17, 2022 12:29 PM | InvestorsObserver Analysts

InvestorsObserver gives Monero Classic a strong long-term technical score of 96 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin'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. XMC at this time has a superior long-term technical analysis score than 96% 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 coins that have bottomed out.

InvestorsObserver is giving Monero Classic a 96 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Monero Classic!

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Trading Analysis

The current trading price of $0.450000000 for XMC is $0.1700000 (59.16%) above the coins 100-day moving average of $0.290000000. XMC meanwhile is $0.4400000 (-63512.73%) above its 52-week low of $0.020000000 and -$0.12000000 (-1666.93%) under its 52-week high price of $0.570000000. Monero Classic's current price relative to the coins long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 96. The price movement and range of XMC suggest that investors are neutral on the coin at this time. Monero Classic has a market capitalization of $8,709,607.88 and a relatively low average daily volume with $153,088.91 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, XMC's volume is below its seven day average with 23,157.69 exchanged.

Summary

Technical analysis of Monero Classic over the past year results in the crypto receiving a a strong long-term technical score of 96 as its price movement in that time has given traders reason to be neutral on the coin in the long-term. Click Here to get the full Report on Monero Classic (XMC).