What do the Long-Term Technicals Predict for Grin (GRIN) Sunday?

Sunday, May 28, 2023 07:23 PM | InvestorsObserver Analysts

Grin receives an average long-term technical score of 35 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin'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, GRIN holds a superior long-term technical analysis score than 35% 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 coins that have bottomed out.

InvestorsObserver is giving Grin a 35 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Grin!

See Full Report

Trading Analysis

The current trading price of $0.040105145 for GRIN is -$0.0215896 (-34.99%) below the coins 100-day moving average of $0.061694743. GRIN meanwhile is $0.0053455 (-31530.53%) above its 52-week low of $0.034759626 and -$0.07683714 (-8516.93%) under its 52-week high price of $0.116942286. Grin's current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 35. The price movement and range of GRIN suggest that investors are bearish on the coin at this time. Grin has a market capitalization of $3,938,841.01 and a relatively low average daily volume with $4,221,905.17 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, GRIN's volume is below its seven day average with 623,267.35 exchanged. This coin's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

Trading patterns over the last year for Grin leads to the coin's an average long-term technical score of 35 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the coin. Click Here to get the full Report on Grin (GRIN).