What do the Long-Term Technicals Predict for Cipher (CPR) Sunday?

Sunday, January 02, 2022 07:10 PM | InvestorsObserver Analysts

Cipher receives a strong long-term technical score of 71 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. CPR currently holds a superior long-term technical analysis score than 71% 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'.

InvestorsObserver is giving Cipher a 71 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Cipher!

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Trading Analysis

Cipher's price is -$0.0008547 (-58.28%) below its 100-day moving average price of $0.001466647 as its price at the moment sits at $0.000611915. Additionally, CPR is $0.0004098 (-5441201.22%) higher than its 52-week low price of $0.000202150 while -$0.00614724 (-147938.32%) under its 52-week high of $0.006759160. The current trading price in relation to its long-term average along with its 52-week high and low, gives CPR a strong long-term technical score of 71. Long-term trading movement of Cipher suggest that investors are neutral on the token at the moment. Cipher has a total market value of $46,678.99 with an low average daily volume of $17,177.24 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, CPR's volume is below its average with $2,657.50 exchanged in total.

Summary

CPR's historical trading over the past year gives it a a strong long-term technical score of 71 as its price movement in that time has given investors reason to be neutral on the token in the long-term. Click Here to get the full Report on Cipher (CPR).