Should You Sell Monero (XMR) Wednesday?

Monero receives a strong long-term technical score of 77 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’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, XMR holds a superior long-term technical analysis score than 77% 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 coins that have bottomed out.

InvestorsObserver is giving Monero a 77 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 -$1.7900000 (-1.25%) below its 100-day moving average price of $143.780000000 with its current price of $141.980000000. Meanwhile, Monero is $44.7500000 (134.71%) above its 52-week low price of $97.230000000 and -$146.84000000 (45.70%) 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 77. Trends for the long-term trading history of Monero suggest that traders are currently neutral on the coin.

Monero has a market capitalization of $2,585,597,625.79 and a relatively high average daily volume with $465,783,492.47 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, XMR’s volume is below its seven day average with 61,734,244.27 exchanged.

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

Technical analysis of Monero over the past year results in the crypto receiving a a strong long-term technical score of 77 as its price movement in that time has given traders reason to be neutral on the coin in the long-term.

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