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Cryptocurrency News Articles

TNC Coin: Not a Strong Buy-and-Hold Candidate

Mar 25, 2024 at 09:42 am

TNC Coin's long-term technical analysis suggests it may not be a strong buy-and-hold candidate, with only 1% of cryptocurrencies scoring lower. Currently trading at $0.017768332, significantly below its 100-day moving average of $0.032487328, TNC Coin has seen a -45.31% decline.

TNC Coin: Not a Strong Buy-and-Hold Candidate

Is TNC Coin a Buy-and-Hold Contender?

TNC Coin's long-term technical analysis score of 1 from InvestorsObserver is a bit lackluster. This score assesses consistency, volatility, and long-term averages over the past year. It suggests that TNC is not a prime candidate for buy-and-hold strategies. In fact, only 1% of cryptocurrencies have a lower long-term score.

Current Price Action

TNC Coin is currently trading at $0.017768332, well below its 100-day moving average of $0.032487328. This represents a significant decline of -45.31%.

Historical Perspective

TNC Coin's price has ranged between $0.000073092 and $0.473131955 over the past year. It is currently trading closer to its 52-week low, indicating a bearish sentiment among investors.

Market Data

TNC Coin has a market capitalization of $103,965,762.90 and an average daily trading volume of $106,397.04. However, over the past 24 hours, volume has been below average, suggesting decreased interest in the coin.

Conclusion

Based on its weak long-term technical score and current price action, TNC Coin may not be an ideal investment for those seeking long-term growth. However, it is worth noting that the cryptocurrency market can be highly volatile, and unexpected price movements can occur.

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