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Pax Dollar (USDP): How Does it Rank Friday on Long-Term Trading Metrics?

Friday, December 08, 2023 09:43 AM | InvestorsObserver Analysts
Pax Dollar (USDP): How Does it Rank Friday on Long-Term Trading Metrics?

Pax Dollar receives a weak long-term technical score of 32 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. USDP currently holds a superior long-term technical analysis score than 32% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

Long-Term Technical - 32
InvestorsObserver is giving Pax Dollar a 32 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Pax Dollar!

Trading Analysis

USDP is currently $0.0000000 (0.01%) above its 100-day moving average price of $1.000000000 with its current price of $1.000000000. Meanwhile, Pax Dollar is $0.0300000 (-1039.46%) above its 52-week low price of $0.960000000 and -$0.02000000 (-886.20%) below its 52-week high of $1.020000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 32. Trends for the long-term trading history of Pax Dollar suggest that traders are currently bearish on the token. Pax Dollar currently has a total market cap of $439,852,204.98 to go along with its average daily volume of $10,166,071.90 worth of the currency over the past seven days. USDP's volume is below its seven day average as of the past 24 hours, with 1,491,657.78 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

Trading patterns over the last year for Pax Dollar leads to the token's a weak long-term technical score of 32 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the token. Click Here to get the full Report on Pax Dollar (USDP).

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