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USD Coin (USDC): Does it Score Poorly on Long-Term Trading Metrics Saturday?

Saturday, August 06, 2022 06:20 PM | InvestorsObserver Analysts
USD Coin (USDC): Does it Score Poorly on Long-Term Trading Metrics Saturday?

USD Coin receives an average long-term technical score of 46 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 46% 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 - 46
InvestorsObserver is giving USD Coin a 46 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on USD Coin!

Trading Analysis

USD Coin's price is $0.0000000 (-0.02%) below its 100-day moving average price of $1.000000000 as its price at the moment sits at $1.000000000. Additionally, USDC is $0.0100000 (-1012.79%) higher than its 52-week low price of $0.990000000 while -$1.35000000 (-383.05%) under its 52-week high of $2.350000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives USDC an average long-term technical score of 46. Long-term trading movement of USD Coin suggest that investors are bearish on the token at the moment. USD Coin currently has a total market cap of $54,287,121,442.65 to go along with its average daily volume of $41,787,732,801.14 worth of the currency over the past seven days. USDC's volume is below its seven day average as of the past 24 hours, with 4,028,825,565.57 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).


USDC's historical trading over the past year gives it a an average long-term technical score of 46 as its price movement in that time has given investors reason to be bearish on the token in the long-term. Click Here to get the full Report on USD Coin (USDC).

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