Gemini Dollar receives a strong long-term technical score of 71 InvestorsObserver‘s research is based on historical trading patterns. The proprietary scoring system weighs price action over the past few months up to a year, analyzing the token’s support and resistance levels and where it ranks against long-term averages to determine if it’s a strong buy-and-hold -investment opportunity. GUSD currently holds superior long-term technical analysis value than 71% of the cryptos in circulation. This ranking metric is most useful for buy-and-hold investors looking for strong, steady growth in allocating their wealth. Tokens with high long- and short-term technical scores can help indicate assets that have bottomed and offer investors an opportunity to “buy the dip.”
GUSD is currently $0.0000000 (0.07%) above its 100-day moving average price of $1.000000000 with its current price of $1.000000000. Meanwhile, the Gemini dollar is up $0.0200000 (-1019.40%) from its 52-week low of $0.9800000000 and is -$0.28000000 (-706.77%) below its 52-week low. High of $1.27 billion. The current price relative to its moving average and 52-week high and low result in a strong long-term technical score of 71. Trends for Gemini Dollar’s long-term trading history suggest that traders are currently neutral on the token. Gemini Dollar has a total market value of $300,760,104.95 with an average daily volume of $8,242,164.11 of currency exchanged over a typical 24-hour period. Over the past 24 hours, GUSD’s volume has been below its average, totaling $1,121,183.07. 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).
GUSD’s historical trading over the past year gives it a strong long-term technical score of 71, as its price action over this period has given investors reason to be neutral on the token over the long term. For the full Gemini Dollar (GUSD) report, click here.
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