Should You Sell Opus (OPT) Monday?

Monday, December 27, 2021 11:55 AM | InvestorsObserver Analysts

Opus receives an average long-term technical score of 47 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, OPT holds a superior long-term technical analysis score than 47% 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.

InvestorsObserver is giving Opus a 47 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Opus!

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Trading Analysis

OPT is currently -$0.0005655 (-43.13%) below its 100-day moving average price of $0.001311068 with its current price of $0.000745545. Meanwhile, Opus is $0.0004662 (-3937445.63%) above its 52-week low price of $0.000279350 and -$0.02027615 (-47566.35%) below its 52-week high of $0.021021700. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 47. Trends for the long-term trading history of Opus suggest that traders are currently bearish on the token. Opus currently has a total market cap of $104,436.32 to go along with its average daily volume of $23.74 worth of the currency over the past seven days. OPT's volume is below its seven day average as of the past 24 hours, with 3.73 exchanged in that period.

Summary

Technical analysis of Opus over the past year results in the crypto receiving a an average long-term technical score of 47 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 Opus (OPT).