What do the Long-Term Technicals Predict for Mirrored United States Oil Fund (mUSO) Saturday?

The US Matching Oil Fund receives a strong long-term technical score of 87 InvestorsBased on historical trading patterns. The proprietary scoring system weighs price action from recent months to the year, analyzes the support and resistance levels of a token, and where it correlates with long-term averages to determine if it is a solid investment opportunity to buy and hold. mUSO currently has a super long-term technical analysis score of over 87% of the cryptocurrencies in circulation. This ranking metric is very useful for buy-and-hold investors looking for strong steady growth when allocating their assets. Long and short term technical grade tokens can help signal which assets have bottomed, providing investors with the opportunity to “buy the dip.”

Investors The Matched US Oil Fund gives the long-term technical rating of 87. Find out what this means for you and get the rest of the ratings in the US Oil Matching Fund!

Trading Analysis

MUSO’s current trading price of $60.240,000,000 is $4.0700,000 (7.25%) above the 100-day moving average of $56.17 billion. Meanwhile, mUSO price is up $25.3400,000 (141.10%) above the 52-week low of $34.9 billion and -$1.04,000,000 (81.98%) below the 52-week high of $61.28 billion. Reflecting the current price of the US Oil Fund relative to the long-term average of the tokens and the 52-week high and low, it gives the cryptocurrency a strong long-term technical score of 87. The price action and range of MUSO indicate that investors are neutral at this time. The total market capitalization of the US matched fund is currently $12,073,429.82 in line with its average daily volume of $2,431,613.72 in the coin over the past seven days. mUSO volume is below the seven-day average over the past 24 hours, with 319,151.57 exchanges in that period. Subclass Encapsulated Tokens of this token: An encapsulated token is an on-chain representation of another parent. It can be a cryptocurrency represented by a different blockchain, or it can be another type of asset, such as a stock or a commodity. This allows cryptocurrency traders to access non-crypto assets and trades at one change to acquire assets on a different chain.

Abstract

MUSO’s historical trading over the past year gives it a solid long-term technical score of 87 as the price action at that time gave investors reason to be neutral on the token over the long term. Click here for the full report on the US Oil Fund (mUSO).