Alpha Coin (ALPHA) What Does the Chart Say Sunday?

Sunday, May 14, 2023 01:09 PM | InvestorsObserver Analysts

Alpha Coin receives a weak short-term technical ranking of 1 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. ALPHA has a superior recent technical analysis than 1% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving Alpha Coin a 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Alpha Coin!

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Trading Analysis

ALPHA is currently $0.000000 (0.00%) above its 30-day low of $0.001024575 and -$0.006115 (-85.65%) below its 30-day high of $0.00713992. Additionally, ALPHA is under its average price of $0.004781847 over the past month of trading with its current price of $0.001024587. Overall, the recent trading history of Alpha Coin suggest that traders are currently bearish on the token. ALPHA has a relatively average market cap for a token with a total market value of $5,098,346.87. The market valuation for Alpha Coin is relatively average due to the largest 100 cryptos having a market cap above $1 billion and ALPHA sits underneath that mark but remains above $100 million in market capilization. Alpha Coin's average volume meanwhile is average with $624.39 worth of the token traded over a typical 24 hour period. The volume for ALPHA is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. As of the past 24 hours, ALPHA's volume is below its average with $97.10 exchanged.

Summary

ALPHA's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on Alpha Coin (ALPHA).