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

Wednesday, January 19, 2022 02:24 PM | InvestorsObserver Analysts

Moneynet receives a strong long-term technical score of 90 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. MNC currently holds a superior long-term technical analysis score than 90% 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 Moneynet a 90 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Moneynet!

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Trading Analysis

MNC is currently -$0.0000118 (-11.19%) below its 100-day moving average price of $0.000105704 with its current price of $0.000093876. Meanwhile, Moneynet is $0.0000769 (-64896201.64%) above its 52-week low price of $0.000016950 and -$0.00050488 (-1670102.64%) below its 52-week high of $0.000598760. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 90. Trends for the long-term trading history of Moneynet suggest that traders are currently neutral on the token. Moneynet currently has a total market cap of $344,222.50 to go along with its average daily volume of $0.00 worth of the currency over the past seven days. MNC's volume is below its seven day average as of the past 24 hours, with 0.00 exchanged in that period.

Summary

MNC's historical trading over the past year gives it a a strong long-term technical score of 90 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 Moneynet (MNC).