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Should You Buy TrueUSD (TUSD) Friday?

Friday, May 13, 2022 09:27 AM | InvestorsObserver Analysts
Should You Buy TrueUSD (TUSD) Friday?

TrueUSD receives a strong long-term technical score of 94 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, TUSD holds a superior long-term technical analysis score than 94% 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.

Long-Term Technical - 94
InvestorsObserver is giving TrueUSD a 94 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on TrueUSD!

Trading Analysis

TrueUSD's price is $0.0000000 (0.06%) above its 100-day moving average price of $1.000000000 as its price at the moment sits at $1.000000000. Additionally, TUSD is $0.0100000 (-1006.04%) higher than its 52-week low price of $0.990000000 while -$0.07000000 (-838.16%) under its 52-week high of $1.070000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives TUSD a strong long-term technical score of 94. Long-term trading movement of TrueUSD suggest that investors are neutral on the token at the moment. TrueUSD currently has a total market cap of $1,115,744,923.24 to go along with its average daily volume of $1,800,599,357.31 worth of the currency over the past seven days. TUSD's volume is below its seven day average as of the past 24 hours, with 167,274,482.17 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

TUSD's historical trading over the past year gives it a a strong long-term technical score of 94 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 TrueUSD (TUSD).

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