InvestorsObserver gives USD Coin a long-term average technical score of 41 from its research. The proprietary rating system takes into account historical trading patterns over the past few months to one year of the token’s support and resistance levels, in addition to its position against long-term averages. The analysis helps determine if this is currently a solid investment opportunity for traders. The USDC currently has a long-term technical analysis score above 41% of the cryptos in circulation. The long-term ranking will be most relevant for buy-and-hold type investors who seek strong and steady growth when allocating their assets. The combination of a high technical score in the long and short term will also help portfolio managers uncover tokens that have bottomed out.
USDC is currently $0.0000000 (0.01%) above its 100-day moving average price of $1.000000000 with its current price of $1.000000000. Meanwhile, USD Coin is $0.0100000 (-1012.76%) above its 52-week low price of $0.990000000 and -$1.35000000 (-383.04%) below it. from its 52-week high of $2.350000000. The current price against its moving average and 52-week highs and lows leads to a long-term average technical score of 41. USD Coin’s long-term trading history trends suggest that traders are currently bearish on the token. USD Coin has a market capitalization of $52,549,343,930.15 and a relatively high average daily volume with $49,170,973,185.36 of currency traded in a typical 24-hour period. Over the past 24 hours, USDC volume is below its seven-day average with 5,446,317,940.49 traded. The Stablecoins subclass of this token: Stablecoins are cryptocurrencies whose value is designed to track the performance of fiat currency (such as the US dollar or Euro).
USDC’s historical trading over the past year gives it a long-term average technical score of 41, as its price movement over this period has given investors reason to be bearish on the token at long term. Click here for the full USD Coin (USDC) report.