Should You Sell USD Coin (USDC) Friday?

USD Coin receives a strong long-term technical score of 94 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.

USDC currently holds a superior long-term technical analysis score than 94% 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 USD Coin a 94 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on USD Coin!

Trading Analysis

The current trading price of $1.000000000 for USDC is $0.0000000 (0.03%) above the tokens 100-day moving average of $1.000000000. USDC meanwhile is $0.0100000 (-1012.76%) above its 52-week low of $0.990000000 and -$1.35000000 (-383.04%) under its 52-week high price of $2.350000000. USD Coin’s current price relative to the tokens long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 94. The price movement and range of USDC suggest that investors are neutral on the token at this time.

USD Coin has a total market value of $50,469,085,758.21 with an high average daily volume of $67,520,373,313.20 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, USDC’s volume is below its average with $8,570,772,501.04 exchanged in total.

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 USD Coin over the past year results in the crypto receiving a a strong long-term technical score of 94 as its price movement in that time has given traders reason to be neutral on the token in the long-term.

Click Here to get the full Report on USD Coin (USDC).

Stay In The Know

Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.

Thank you for signing up! You’re all set to receive the Morning Update newsletter

This article originally appeared on https://www.investorsobserver.com/news/crypto-update/should-you-sell-usd-coin-usdc-friday-2