Monero Classic receives a strong long-term technical score of 96 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
XMC currently holds a superior long-term technical analysis score than 96% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.
Monero Classic’s price is $0.0800000 (28.93%) above its 100-day moving average price of $0.280000000 as its price at the moment sits at $0.360000000. Additionally, XMC is $0.3400000 (-64091.19%) higher than its 52-week low price of $0.020000000 while -$0.17000000 (-1811.57%) under its 52-week high of $0.530000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives XMC a strong long-term technical score of 96. Long-term trading movement of Monero Classic suggest that investors are neutral on the coin at the moment.
Monero Classic currently has a total market cap of $6,867,722.62 to go along with its average daily volume of $85,263.87 worth of the currency over the past seven days. XMC’s volume is below its seven day average as of the past 24 hours, with 13,585.10 exchanged in that period.
Technical analysis of Monero Classic over the past year results in the crypto receiving a a strong long-term technical score of 96 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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