Pax Dollar (USDP): How Does the Chart Look Wednesday?

Wednesday, June 29, 2022 03:52 PM | InvestorsObserver Analysts

Pax Dollar receives a weak long-term technical score of 25 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 25% 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'.

InvestorsObserver is giving Pax Dollar a 25 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Pax Dollar!

See Full Report

Trading Analysis

Pax Dollar's price is $0.0000000 (-0.21%) below its 100-day moving average price of $1.000000000 as its price at the moment sits at $1.000000000. Additionally, USDP is $0.0200000 (-1020.87%) higher than its 52-week low price of $0.980000000 while -$1.02000000 (-445.01%) under its 52-week high of $2.020000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives USDP an average long-term technical score of 25. Long-term trading movement of Pax Dollar suggest that investors are bearish on the token at the moment. Pax Dollar has a total market value of $944,201,548.44 with an average average daily volume of $549,683,322.00 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, USDP's volume is below its average with $135,006,859.69 exchanged in total. 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

Technical analysis of Pax Dollar over the past year results in the crypto receiving a a weak long-term technical score of 25 as its price movement in that time has given traders reason to be bearish on the token in the long-term. Click Here to get the full Report on Pax Dollar (USDP).