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What do the Long-Term Technicals Predict for xRhodium (XRC) Thursday?

Thursday, January 20, 2022 10:23 AM | InvestorsObserver Analysts
What do the Long-Term Technicals Predict for xRhodium (XRC) Thursday?

xRhodium receives a weak long-term technical score of 3 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin'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. XRC currently holds a superior long-term technical analysis score than 3% 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. coins 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'.

Long-Term Technical - 3
InvestorsObserver is giving xRhodium a 3 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on xRhodium!

Trading Analysis

The current trading price of $1.300000000 for XRC is -$0.8500000 (-39.62%) below the coins 100-day moving average of $2.140000000. XRC meanwhile is $0.8700000 (-2296.54%) above its 52-week low of $0.420000000 and -$15.40000000 (-52.14%) under its 52-week high price of $16.690000000. xRhodium'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 3. The price movement and range of XRC suggest that investors are bearish on the coin at this time. xRhodium has a market capitalization of $1,618,450.94 and a relatively low average daily volume with $4,850.89 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, XRC's volume is below its seven day average with 657.99 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 xRhodium leads to the coin's a weak long-term technical score of 3 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 xRhodium (XRC).

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