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Should You Buy USD Coin (USDC) Thursday?

Thursday, January 13, 2022 01:15 PM | InvestorsObserver Analysts
Should You Buy USD Coin (USDC) Thursday?

USD Coin receives an average long-term technical score of 58 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, USDC holds a superior long-term technical analysis score than 58% 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 - 58
InvestorsObserver is giving USD Coin a 58 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on USD Coin!

Trading Analysis

The current trading price of $1.000000000 for USDC is $0.0000000 (-0.02%) below the tokens 100-day moving average of $1.000000000. USDC meanwhile is $0.0100000 (-1012.80%) above its 52-week low of $0.990000000 and -$1.35000000 (-383.06%) under its 52-week high price of $2.350000000. USD Coin's current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 58. The price movement and range of USDC suggest that investors are neutral on the token at this time. USD Coin has a market capitalization of $44,962,922,846.46 and a relatively high average daily volume with $23,005,410,110.88 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, USDC's volume is below its seven day average with 3,533,865,023.71 exchanged. 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 USD Coin over the past year results in the crypto receiving a an average long-term technical score of 58 as its price movement in that time has given traders reason to be neutral on the token in the long-term. Click Here to get the full Report on USD Coin (USDC).

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