USD Coin Long-Term Technical Score of 23 Signals Bearish Pattern

Name	Symbol	Market	Market Cap ($)	Algorithm
Cardano	ADAUSD	Crypto	16,019,267,113	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Cardano

ADAUSD

Crypto

16,019,267,113

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.0057	1.27%	0.4553	0.4552	0.4553

Price Change

Price Change %

Current Price

Bid Price

Offer

0.0057

1.27%

0.4553

0.4552

0.4553

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.462883	0.4383	0.4491	0.4496	0.216009 - 0.810200

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.462883

0.4383

0.4491

0.4496

0.216009 - 0.810200

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	22:25:01	5,400.76	0.4554	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

22:25:01

5,400.76

0.4554

USD

Price x Volume	Volume	Base Symbol	Related Pairs
13,180,841.12	29,193,374.59	ADA	ADAEUR	ADAGBP	ADABTC

Price x Volume

Volume

Base Symbol

Related Pairs

13,180,841.12

29,193,374.59

USD Coin Long-Term Technical Score of 23 Signals Bearish Pattern

23/07/2022 11:42am

NEWSBTC

USD Coin price is currently trading at $0.999137, down 0.2 percent in the last seven days, data from Coingecko show, Saturday. USDC hit its all-time high three years ago or on May 8, 2019, at $1.17. The coin registered its all-time low last year on May 19, 2021, at $0.891848. It has a total of 55 billion coins in circulation and has a trading volume of $5,576,310,766. Suggested Reading | Solana (SOL) To Hit $166 By 2025, Despite Current Bearish Conditions USD Coin Remains Bearish With LTT Score Of 23 The long-term technical score of USDC is now at 23 which gives away a weak and bearish standpoint based on its long-term trading movement. USDC trading volume is currently below the seven-day average seen in the last 24 hours or with a total trading volume of 6,391,817,313 as of Saturday. USD Coin currently has an active address count of 24,676. The moving averages noted in the 20-, 50-, 100-, and 200-hour moving averages have been inconsistent and there was no clear trend seen. More so, there is a marked choppiness in terms of price with the moving averages being crossed and has oscillated from 2,009 to 23,685 as seen in the past 29 weeks. USD Coin Value Remains Consistent USDC, a stablecoin founded by Centre Consortium, is fully backed and pegged to the US dollar and has a set value of $1 per coin. It’s considered a great investment and passive income stream for many crypto investors because the value doesn’t change regardless of the market volatility or economic state. Unlike other coins like Bitcoin, Ethereum, Dogecoin, Shiba Inu, and the like, with prices fluctuating wildly by the hour, the value of the USDC Coin remains consistent and predictable over time. USDC total market cap at $55.3 billion on the daily chart | Source: TradingView.com Every USD coin is also collateralized by the US dollar in a bank. This means every USDC has an equivalent US dollar in storage. A fresh new coin is created and backed in a separate bank account by demand. It is in fact the only stablecoin that is both crypto-collateralized and fiat-collateralized. Unlike Tether, USDC is completely backed by fiat assets which makes it extremely popular and widely accepted even by traditional investors who have risk aversions against the extreme volatility and uncertainty of most digital assets. Suggested Reading | Cardano (ADA), After 35% Spike, Locks On Next Target: $0.55 USDC provides stability to the very erratic state of cryptocurrencies. With US dollars in the blockchain, it provides quick USDC to USD conversions, peer-to-peer transactions, e-commerce, and payments done in minutes. Featured image from Freepik, chart from TradingView.com

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