Cheesecoin (CHEESE): Does it Score Well on Short-Term Trading Metrics Tuesday?

Tuesday, February 01, 2022 07:33 AM | InvestorsObserver Analysts

InvestorsObserver gives Cheesecoin a strong short-term technical score of 73 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. CHEESE has currently traded better than 73% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Cheesecoin a 73 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Cheesecoin!

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Trading Analysis

CHEESE is currently $0.000150 (158.04%) above its 30-day low of $0.000094644 and -$0.000181 (-42.52%) below its 30-day high of $0.00042488. Additionally, CHEESE is above its average price of $0.000209571 over the past month of trading with its current price of $0.000244215. Overall, the recent trading history of Cheesecoin suggest that traders are currently bullish on the coin. CHEESE has a relatively low market cap for a coin with a total market value of $99,852.19. Cheesecoin'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. Cheesecoin's average volume meanwhile is low with $31.64 worth of the coin traded over a typical 24 hour period. CHEESE'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. As of the past 24 hours, CHEESE's volume is below its average with $4.41 exchanged.

Summary

Cheesecoin'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 Cheesecoin (CHEESE).