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TrueUSD (TUSD): How Does it Rank Friday on Long-Term Trading Metrics?

Friday, July 22, 2022 12:51 PM | InvestorsObserver Analysts
TrueUSD (TUSD): How Does it Rank Friday on Long-Term Trading Metrics?

TrueUSD receives a weak long-term technical score of 11 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. TUSD currently holds a superior long-term technical analysis score than 11% 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 - 11
InvestorsObserver is giving TrueUSD a 11 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on TrueUSD!

Trading Analysis

TUSD is currently $0.0000000 (-0.03%) below its 100-day moving average price of $1.000000000 with its current price of $1.000000000. Meanwhile, TrueUSD is $0.0100000 (-1006.08%) above its 52-week low price of $0.990000000 and -$0.07000000 (-838.20%) below its 52-week high of $1.070000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 11. Trends for the long-term trading history of TrueUSD suggest that traders are currently bearish on the token. TrueUSD currently has a total market cap of $1,192,117,644.22 to go along with its average daily volume of $832,109,022.71 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 276,498,280.73 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

Technical analysis of TrueUSD over the past year results in the crypto receiving a a weak long-term technical score of 11 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 TrueUSD (TUSD).

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