Does it score badly on long-term trading metrics on Thursday?

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Thursday, May 26, 2022 11:37 a.m. | InvestorsObservers Analysts

InvestorsObserver gives Curve DAO Token a long-term average technical score of 59 from its research. The proprietary rating system takes into account historical trading patterns over the past few months to a year of the token’s support and resistance levels, in addition to its position against long-term averages. The analysis helps determine if this is currently a solid investment opportunity for traders. CRV currently has a long-term technical analysis score above 59% of circulating crytpos. The long-term ranking will be most relevant for buy-and-hold type investors who seek strong and steady growth when allocating their assets. The combination of a high long-term and short-term technical score will also help portfolio managers uncover tokens that have bottomed out.

Long Term Technique - 59
InvestorsObserver gives Curve DAO Token a 59 long-term technical rank. Find out what this means for you and get the rest of the leaderboard on Curve DAO Token!

Business analysis

The current trading price of $1.160000000 for CRV is -$1.0600000 (-47.83%) below the tokens 100-day moving average of $2.220000000. CRV, meanwhile, is $0.1400000 (-967.19%) above its 52-week low of $1.020000000 and -$5.58000000 (-131.10%) below its 52-week high of $6.740000000. Curve DAO Token’s current price against the token’s long-term average and 52-week highs and lows, gives the crypto a long-term average technical score of 59. The price movement and CRV range suggest that investors are neutral on the token at this time. Curve DAO Token has a total market value of $532,028,868.41 with an average daily volume of $619,777,493.55 of the currency traded over a typical 24-hour period. In the past 24 hours, CRV volume is below its average with $147,296,557.85 traded in total. This token’s subclass decentralized exchange: a peer-to-peer (P2P) marketplace for buyers and sellers of cryptocurrencies. Decentralized exchanges allow users to retain control of their private keys during transactions, which is not the case on a centralized exchange.

Summary

Trading patterns over the past year for Curve DAO Token lead to a long-term average technical score of 59, as its consistency, volatility, and relationship to long-term averages have given investors reason to be neutral on the token. Click here for the full Curve DAO Token (CRV) report.

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