What do the Long-Term Technicals Predict for Moneynet (MNC) Friday?

Friday, January 14, 2022 08:01 AM | InvestorsObserver Analysts

Moneynet receives a strong long-term technical score of 92 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, MNC holds a superior long-term technical analysis score than 92% 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 Moneynet a 92 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Moneynet!

See Full Report

Trading Analysis

The current trading price of $0.000096691 for MNC is -$0.0000122 (-11.17%) below the tokens 100-day moving average of $0.000108848. MNC meanwhile is $0.0000797 (-64896185.03%) above its 52-week low of $0.000016950 and -$0.00050207 (-1670102.17%) under its 52-week high price of $0.000598760. Moneynet'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 92. The price movement and range of MNC suggest that investors are neutral on the token at this time. Moneynet has a total market value of $354,546.30 with an low average daily volume of $418.46 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, MNC's volume is below its average with $64.67 exchanged in total.

Summary

Technical analysis of Moneynet over the past year results in the crypto receiving a a strong long-term technical score of 92 as its price movement in that time has given traders reason to be neutral on the token in the long-term. Click Here to get the full Report on Moneynet (MNC).