Cipher (CPR): How Does the Chart Look Wednesday?

Wednesday, January 19, 2022 11:31 AM | InvestorsObserver Analysts

Cipher receives a weak short-term technical score of 11 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. CPR holds a better recent technical analysis than 11% 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 Cipher a 11 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Cipher!

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Trading Analysis

Cipher is $0.000124 (80.25%) higher than its 30-day low price of $0.000154925 while also -$0.001119 (-80.03%) lower than its high of $0.00139840 from the past month of trading. Meanwhile, CPR's current price of $0.000279250 is under its average price of $0.000577017 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Cipher suggest that traders are currently bearish on the token. Currently, volume and market capitalization data for CPR are unavailable. The lack of available data is typically a sign of either a new coin or token brought to market or one with extremely low volume and value levels that it is not picked up by leading data providers. No recorded volume or market cap usually correlate with highly volatile coins that may not be the greatest investment choice for the majority of investors. However, those looking for newer cryptos may find tokens such as Cipher extra intriguing.

Summary

Cipher'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 Cipher (CPR).