AppCoins (APPC): Does it Score Poorly on Short-Term Trading Metrics Thursday?

Thursday, January 20, 2022 12:08 PM | InvestorsObserver Analysts

AppCoins receives a weak short-term technical ranking of 2 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. APPC has a superior recent technical analysis than 2% 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 AppCoins a 2 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on AppCoins!

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Trading Analysis

APPC is currently $0.000445 (23.00%) above its 30-day low of $0.001935541 and -$0.066380 (-96.54%) below its 30-day high of $0.06876031. Additionally, APPC is under its average price of $0.018908540 over the past month of trading with its current price of $0.002380628. Overall, the recent trading history of AppCoins suggest that traders are currently bearish on the token. APPC has a low market cap compared to the majority of tokens with a total market value of $580,556.80. AppCoins'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. AppCoins's average volume is low as $65,706.54 worth of the token is typically traded over a 24 hour period. APPC'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 APPC's volume is below its average with $9,934.09 exchanged.

Summary

AppCoins'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 AppCoins (APPC).