InvestorsObserver gives Monero Classic a strong long-term technical score of 97 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.
XMC at this time has a superior long-term technical analysis score than 97% 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.
Trading Analysis
XMC is currently $0.0600000 (24.67%) above its 100-day moving average price of $0.250000000 with its current price of $0.320000000. Meanwhile, Monero Classic is $0.2800000 (-29352.31%) above its 52-week low price of $0.040000000 and -$0.94000000 (-768.14%) below its 52-week high of $1.260000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 97. Trends for the long-term trading history of Monero Classic suggest that traders are currently neutral on the coin.
Monero Classic has a total market value of $6,056,187.34 with an low average daily volume of $6,850.01 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, XMC’s volume is below its average with $826.20 exchanged in total.
Summary
Technical analysis of Monero Classic over the past year results in the crypto receiving a a strong long-term technical score of 97 as its price movement in that time has given traders reason to be neutral on the coin in the long-term.
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