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Alpha Token (A) What Does the Chart Say Thursday?
Thursday, February 10, 2022 04:00 PM | InvestorsObserver Analysts
Alpha Token receives a weak short-term technical ranking of 3 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. A has a superior recent technical analysis than 3% 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 Token a 3 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Alpha Token!
Trading Analysis
A is currently $0.004527 (129.98%) above its 30-day low of $0.003483015 and -$0.022687 (-73.91%) below its 30-day high of $0.03069746. Additionally, A is under its average price of $0.009493207 over the past month of trading with its current price of $0.008010151. Overall, the recent trading history of Alpha Token suggest that traders are currently bearish on the token.
A has a low market cap compared to the majority of tokens with a total market value of $278,206.63. Alpha Token'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. Alpha Token's average volume is low as $3,535.38 worth of the token is typically traded over a 24 hour period. A'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 past 24 hours A's volume is below its average with $508.91 exchanged.
Summary
Alpha Token's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the token in the near future.
Click Here to get the full Report on Alpha Token (A).
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