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Venus USDT (VUSDT): Does it Score Poorly on Short-Term Trading Metrics Friday?

Friday, December 08, 2023 07:20 PM | InvestorsObserver Analysts
Venus USDT (VUSDT): Does it Score Poorly on Short-Term Trading Metrics Friday?

Venus USDT receives an average short-term technical ranking of 43 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. vUSDT has a superior recent technical analysis than 43% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

Short-Term Technical - 43
InvestorsObserver is giving Venus USDT a 43 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Venus USDT!

Trading Analysis

Venus USDT is $0.000785 (3.56%) higher than its 30-day low price of $0.022014480 while also -$0.000045 (-0.20%) lower than its high of $0.02284402 from the past month of trading. Meanwhile, vUSDT's current price of $0.022799189 is above its average price of $0.022733587 set over the past month of trading, leading to an average short-term technical score. In summation, the recent trading history of Venus USDT suggest that traders are currently neutral on the token.
vUSDT has a relatively average market cap for a token with a total market value of $33,883,087.21. The market valuation for Venus USDT is relatively average due to the largest 100 cryptos having a market cap above $1 billion and vUSDT sits underneath that mark but remains above $100 million in market capilization. Venus USDT's average volume meanwhile is average with $1,363,554,118.21 worth of the token traded over a typical 24 hour period. The volume for vUSDT is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. As of the past 24 hours, vUSDT's volume is below its average with $200,427,346.46 exchanged. Venus USDT'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

Venus USDT's trading over the past 30 days leads to its an average short-term technical score due to recent price movement suggesting more neutral signals for traders on the token in the near future. Click Here to get the full Report on Venus USDT (vUSDT).

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