What do the Long-Term Technicals Predict for Monero (XMR) Thursday?

InvestorsObserver gives Monero a strong long-term technical score of 89 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin’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.

XMR at this time has a superior long-term technical analysis score than 89% 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 coins that have bottomed out.

InvestorsObserver is giving Monero a 89 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Monero!

Trading Analysis

Monero’s price is -$15.9100000 (-10.76%) below its 100-day moving average price of $147.840000000 as its price at the moment sits at $131.930000000. Additionally, XMR is $34.6900000 (124.37%) higher than its 52-week low price of $97.230000000 while -$156.89000000 (42.22%) under its 52-week high of $288.820000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives XMR a strong long-term technical score of 89. Long-term trading movement of Monero suggest that investors are neutral on the coin at the moment.

Monero has a market capitalization of $2,401,323,565.23 and a relatively high average daily volume with $160,651,477.55 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 74,991,706.50 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

XMR’s historical trading over the past year gives it a a strong long-term technical score of 89 as its price movement in that time has given investors reason to be neutral on the coin in the long-term.

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