What do the Short-Term Technicals Predict for Aion (AION) Wednesday?

Wednesday, August 24, 2022 11:20 AM | InvestorsObserver Analysts

Aion receives a strong short-term technical score of 96 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. AION holds a better recent technical analysis than 96% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving Aion a 96 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Aion!
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Trading Analysis

AION is currently $0.014569 (45.52%) above its 30-day low of $0.032005139 and -$0.012578 (-21.26%) below its 30-day high of $0.05915212. Additionally, AION is above its average price of $0.042549542 over the past month of trading with its current price of $0.046573919. Overall, the recent trading history of Aion suggest that traders are currently bullish on the coin.
Aion's market cap of $23,357,057.09 is relatively average for a coin. The market valuation for Aion is relatively average due to the largest 100 cryptos having a market cap above $1 billion and AION sits underneath that mark but remains above $100 million in market capilization. Meanwhile, AION's average volume is average with $22,839,440.51 worth of the coin traded over an average 24 hour period. The volume for AION 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. Over the last 24 hours, AION's volume is below its usual with $4,945,554.98 exchanged. Aion's subclass Payments/Other: A coin used as payment for good and services or middle-man platform that allows investors to use other cryptocurrencies for payments, money transfers, withdrawals, deposits, and other functions. These coins are typically more specialized than the Digital Money coins that try to replicate all the functions of cash.

Summary

Aion's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the coin in the near future. Click Here to get the full Report on Aion (AION).

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