Alpha Coin (APC) What Does the Chart Say Wednesday?

Wednesday, December 15, 2021 08:46 AM | InvestorsObserver Analysts

Alpha Coin receives a weak short-term technical ranking of 7 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. APC has a superior recent technical analysis than 7% 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 7 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 Coin is $0.000000 (0.04%) above its 30-day low of $0.000430448 while -$0.015857 (-97.36%) below its 30-day high of $0.01628788. In addition, APC's current price of $0.000430613 is under its 30-day moving average price of $0.000627233, leading to a weak short-term technical score. Overall the recent trading history of Alpha Coin suggest that investors are bearish on the token at the moment. Alpha Coin's market cap of $15,071.44 is relatively low for a token. Alpha Coin's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Meanwhile, APC's average volume is low with $116.21 worth of the token traded over an average 24 hour period. APC's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. Over the last 24 hours, APC's volume is below its usual with $40.72 exchanged.

Summary

Alpha Coin's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on Alpha Coin (APC).