What do the Long-Term Technicals Predict for Mirrored United States Oil Fund (mUSO) Saturday?

Mirrored United States Oil Fund receives a strong long-term technical score of 87 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. mUSO currently holds a superior long-term technical analysis score than 87% 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 Mirrored United States Oil Fund a 87 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Mirrored United States Oil Fund!

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Trading Analysis

The current trading price of $60.240000000 for mUSO is $4.0700000 (7.25%) above the tokens 100-day moving average of $56.170000000. mUSO meanwhile is $25.3400000 (141.10%) above its 52-week low of $34.900000000 and -$1.04000000 (81.98%) under its 52-week high price of $61.280000000. Mirrored United States Oil Fund's current price relative to the tokens long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 87. The price movement and range of mUSO suggest that investors are neutral on the token at this time. Mirrored United States Oil Fund currently has a total market cap of $12,073,429.82 to go along with its average daily volume of $2,431,613.72 worth of the currency over the past seven days. mUSO's volume is below its seven day average as of the past 24 hours, with 319,151.57 exchanged in that period. This token's subclass Wrapped Tokens: A wrapped token is an on-chain representation of another asset. It can be a cryptocurrency represented on a different blockchain, or it can be another kind of asset, such as a stock or commodity. This allows crypto traders access to non-crypto assets and trades on one change to get exposure to assets on a different chain.

Summary

mUSO's historical trading over the past year gives it a a strong long-term technical score of 87 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 Mirrored United States Oil Fund (mUSO).