How Does it Rank Sunday on Long-Term Trading Metrics?

Monero receives a strong long-term technical score of 88 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.

XMR currently holds a superior long-term technical analysis score than 88% 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’.

InvestorsObserver is giving Monero a 88 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Monero!

Trading Analysis

XMR is currently $31.6600000 (21.59%) above its 100-day moving average price of $146.610000000 with its current price of $178.270000000. Meanwhile, Monero is $81.0300000 (172.03%) above its 52-week low price of $97.230000000 and -$110.55000000 (58.26%) below its 52-week high of $288.820000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 88. Trends for the long-term trading history of Monero suggest that traders are currently neutral on the coin.

Monero currently has a total market cap of $3,249,845,398.01 to go along with its average daily volume of $716,122,854.81 worth of the currency over the past seven days. XMR’s volume is below its seven day average as of the past 24 hours, with 81,292,645.01 exchanged in that period.

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

XMR’s historical trading over the past year gives it a a strong long-term technical score of 88 as its price movement in that time has given investors reason to be neutral on the coin in the long-term.

Click Here to get the full Report on Monero (XMR).