Monero (XMR): How Does the Chart Look Saturday?

Saturday, April 16, 2022 10:55 AM | InvestorsObserver Analysts

Monero receives a strong long-term technical score of 92 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin'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, XMR holds a superior long-term technical analysis score than 92% 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 coins that have bottomed out.

InvestorsObserver is giving Monero a 92 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Monero!

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Trading Analysis

The current trading price of $230.810000000 for XMR is $44.7200000 (24.03%) above the coins 100-day moving average of $186.090000000. XMR meanwhile is $98.1200000 (165.65%) above its 52-week low of $132.690000000 and -$286.81000000 (42.66%) under its 52-week high price of $517.620000000. Monero'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 92. The price movement and range of XMR suggest that investors are neutral on the coin at this time. Monero has a total market value of $4,179,492,253.19 with an high average daily volume of $1,220,144,412.98 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, XMR's volume is below its average with $155,551,029.30 exchanged in total. This coin's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

Trading patterns over the last year for Monero leads to the coin's a strong long-term technical score of 92 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin. Click Here to get the full Report on Monero (XMR).