Is Binance USD (BUSD) Trending Lower or Higher Monday?
InvestorsObserver gives Binance USD an average long-term technical score of 36 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.
BUSD at this time has a superior long-term technical analysis score than 36% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.
BUSD is currently $0.0000000 (0.05%) above its 100-day moving average price of $1.000000000 with its current price of $1.000000000. Meanwhile, Binance USD is $0.0100000 (-1004.66%) above its 52-week low price of $1.000000000 and -$0.02000000 (-878.25%) below its 52-week high of $1.020000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 36. Trends for the long-term trading history of Binance USD suggest that traders are currently bearish on the token.
Binance USD has a market capitalization of $22,888,138,160.09 and a relatively high average daily volume with $49,712,786,324.07 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, BUSD’s volume is below its seven day average with 8,001,891,723.09 exchanged.
This token’s subclass Stablecoins: Stablecoins are cryptocurrencies whose value is designed to track the performance of fiat money (such as the U.S. Dollar or Euro).
Technical analysis of Binance USD over the past year results in the crypto receiving a an average long-term technical score of 36 as its price movement in that time has given traders reason to be bearish on the token in the long-term.
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