USD Coin (USDC): How Does the Chart Look Sunday?

Sunday, July 17, 2022 05:50 PM | InvestorsObserver Analysts

USD Coin receives an average long-term technical score of 49 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 49% 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 USD Coin a 49 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on USD Coin!

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Trading Analysis

USDC is currently $0.0000000 (0.01%) above its 100-day moving average price of $1.000000000 with its current price of $1.000000000. Meanwhile, USD Coin is $0.0100000 (-1012.76%) above its 52-week low price of $0.990000000 and -$1.35000000 (-383.04%) below its 52-week high of $2.350000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 49. Trends for the long-term trading history of USD Coin suggest that traders are currently bearish on the token. USD Coin currently has a total market cap of $54,801,772,540.47 to go along with its average daily volume of $42,249,930,349.14 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 5,673,530,829.25 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 USD Coin over the past year results in the crypto receiving a an average long-term technical score of 49 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 USD Coin (USDC).