Castweet (CTT): Does it Score Well on Short-Term Trading Metrics Monday?

Monday, November 14, 2022 06:33 AM | InvestorsObserver Analysts

Castweet receives a strong short-term technical score of 99 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. CTT holds a better recent technical analysis than 99% of tokens 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 Castweet a 99 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Castweet!

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Trading Analysis

Castweet is $0.012871 (87.36%) higher than its 30-day low price of $0.014734143 while also -$0.000034 (-0.12%) lower than its high of $0.02763908 from the past month of trading. Meanwhile, CTT's current price of $0.027605284 is above its average price of $0.016950511 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Castweet suggest that traders are currently bullish on the token. CTT has a low market cap compared to the majority of tokens with a total market value of $49,522.55. Castweet'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. Castweet's average volume is low as $6,139.94 worth of the token is typically traded over a 24 hour period. CTT'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 CTT's volume is below its average with $886.91 exchanged.

Summary

Castweet's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement. Click Here to get the full Report on Castweet (CTT).