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Is Monero (XMR) Lower or Higher on Wednesday?

Monero gets a strong long-term technical score of 91 InvestorsObserver Analysis. Our proprietary grading system considers trading patterns over the last few months to a year, analyzing the coin’s consistency and volatility and where it compares to long-term averages to determine if it’s a strong buy-and-hold investment opportunity acts. Currently, XMR has a superior long-term technical analysis value than 91% of cryptocurrencies. Long-term investors employing a buy-and-hold strategy will find long-term rank particularly relevant when allocating their assets, and may find additional value in finding cryptos with a high short-term technical score to discover coins that will have bottomed out.

Long term technical - 91
InvestorsObserver gives Monero a long-term technical rank of 91. Find out what that means for you and get the rest of the rankings on Monero!

Trade Analysis

Monero’s price is -$3.4900000 (-1.76%) below its 100-day moving average price of $198.58 billion as the price currently stands at $195.1 billion. Additionally, XMR is $75.79 million (154.31%) above its 52-week low of $119.3 billion, while -$144.45 billion (54.51%) below its 52-week high of 339.54 billion $ lies. The current trading price relative to its long-term average along with its 52-week high and low gives XMR a strong long-term technical score of 91. Monero’s long-term trading movement suggests that investors are neutral on the coin at the moment . Monero has a total market value of $3,536,876,381.77 with a high average daily volume of $1,072,072,055.75 of currency exchanged over a typical 24-hour period. Over the past 24 hours, XMR’s volume has been below its average, totaling $187,786,387.55. This coin’s subclass Digital Money: Digital money is an asset, commodity or currency designed to maintain value and liquidity over time so that it can be used in the same way as fiat currencies .

summary

Monero’s technical analysis over the past year has resulted in the crypto earning a strong long-term technical score of 91, as price action over this period has given traders reason to be neutral on the coin over the long-term. For the full Monero (XMR) report, click here.

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