Monero receives an average long-term technical score of 45 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 45% 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.
Trading Analysis
Monero’s price is $25.3000000 (17.07%) above its 100-day moving average price of $148.250000000 as its price at the moment sits at $173.550000000. Additionally, XMR is $76.3200000 (167.17%) higher than its 52-week low price of $97.230000000 while -$115.27000000 (56.63%) 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 an average long-term technical score of 45. Long-term trading movement of Monero suggest that investors are bearish on the coin at the moment.
Monero has a total market value of $3,164,228,274.72 with an high average daily volume of $637,925,289.55 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, XMR’s volume is below its average with $93,720,286.02 exchanged in total.
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 an average long-term technical score of 45 as its price movement in that time has given traders reason to be bearish on the coin in the long-term.
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