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Should You Sell USDC (USDC) Friday?

Friday, December 01, 2023 06:50 AM | InvestorsObserver Analysts
Should You Sell USDC (USDC) Friday?

USDC receives an average long-term technical score of 62 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. USDC currently holds a superior long-term technical analysis score than 62% 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 - 62
InvestorsObserver is giving USDC a 62 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on USDC!

Trading Analysis

USDC is currently $0.0000000 (-0.01%) below its 100-day moving average price of $1.000000000 with its current price of $1.000000000. Meanwhile, USDC is $0.1200000 (-1139.74%) above its 52-week low price of $0.880000000 and $0.00000000 (-897.98%) below its 52-week high of $1.000000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 62. Trends for the long-term trading history of USDC suggest that traders are currently neutral on the token. USDC has a total market value of $24,592,818,700.73 with an high average daily volume of $35,287,995,267.41 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, USDC's volume is below its average with $4,820,637,052.76 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

Trading patterns over the last year for USDC leads to the token's an average long-term technical score of 62 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token. Click Here to get the full Report on USDC (USDC).

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