Is Binance USD (BUSD) lower or higher on Monday?

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Monday, November 21, 2022 9:21 am | InvestorsObserver Analysts

Is Binance USD (BUSD) lower or higher on Monday?

InvestorsObserver gives Binance USD an average long-term technical score of 36 from its research. The proprietary rating system takes into account the historical trading patterns of the last few months to a year of the token’s support and resistance levels, in addition to where it stands in relation to long-term averages. The analysis helps determine if this is a strong buy-and-hold investment opportunity for traders right now. BUSD currently has superior long-term technical analysis value than 36% of the cryptos in circulation. Long-Term Rank is most relevant for buy-and-hold investors looking for strong, steady growth in allocating their wealth. The combination of a high long-term and short-term technical score will also help portfolio managers spot tokens that have bottomed out.

Long term technical - 36
InvestorsObserver gives Binance USD a long-term technical rank of 36. Find out what that means for you and get the rest of the rankings on Binance USD!

Trade Analysis

BUSD is currently $0.0000000 (0.05%) above its 100-day moving average price of $1.000000000 with its current price of $1.000000000. Meanwhile, Binance USD is $0.0100000 (-1004.66%) above its 52-week low of $1.000000000 and -$0.02000000 (-878.25%) below its 52-week high of 1, $0.2 billion. The current price relative to its moving average and 52-week high and low results in an average long-term technical score of 36. Trends for Binance USD’s long-term trading history suggest that traders are currently bearish on the token. Binance USD has a market cap of $22,888,138,160.09 and a relatively high average daily volume with $49,712,786,324.07 worth of the currency traded over a typical 24-hour period. In the last 24 hours, BUSD’s volume was below its seven-day moving average at 8,001,891,723.09 exchanged. This token’s subclass Stablecoins: Stablecoins are cryptocurrencies whose value is designed to replicate the performance of fiat money (such as US dollars or euros).

summary

Binance USD technical analysis over the past year found that the cryptocurrency earned an average long-term technical score of 36 as its price action over this period has given traders reason to be bearish on the token over the long term. For the full Binance USD (BUSD) report, click here.

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