Binance USD receives an average long-term technical score of 60 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, BUSD holds a superior long-term technical analysis score than 60% 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.
Trading Analysis
BUSD is currently $0.0000000 (-0.05%) below its 100-day moving average price of $1.000000000 with its current price of $1.000000000. Meanwhile, Binance USD is $0.0000000 (-1004.75%) above its 52-week low price of $1.000000000 and -$0.02000000 (-878.33%) 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 60. Trends for the long-term trading history of Binance USD suggest that traders are currently neutral on the token.
Binance USD currently has a total market cap of $17,359,394,135.84 to go along with its average daily volume of $27,745,832,435.18 worth of the currency over the past seven days. BUSD’s volume is below its seven day average as of the past 24 hours, with 3,062,128,925.74 exchanged in that period.
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).
Summary
Technical analysis of Binance USD over the past year results in the crypto receiving a an average long-term technical score of 60 as its price movement in that time has given traders reason to be neutral on the token in the long-term.
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