ElonTech (ETCH): Does it Score Poorly on Short-Term Trading Metrics Sunday?

Sunday, December 19, 2021 06:58 AM | InvestorsObserver Analysts

ElonTech receives a weak short-term technical score of 28 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. ETCH holds a better recent technical analysis than 28% 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 ElonTech a 28 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on ElonTech!

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Trading Analysis

ETCH is currently $0.000004 (571.13%) above its 30-day low of $0.000000778 and -$0.000012 (-68.78%) below its 30-day high of $0.00001673. Additionally, ETCH is under its average price of $0.000006947 over the past month of trading with its current price of $0.000005223. Overall, the recent trading history of ElonTech suggest that traders are currently bearish on the token. ElonTech's market cap of $0.00 is relatively low for a token. ElonTech'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. Meanwhile, ETCH's average volume is low with $402,887.31 worth of the token traded over an average 24 hour period. ETCH'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 last 24 hours, ETCH's volume is below its usual with $69,507.67 exchanged.

Summary

ETCH's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on ElonTech (ETCH).