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Elysian (ELY): Does it Score Poorly on Short-Term Trading Metrics Wednesday?

Wednesday, February 09, 2022 08:27 AM | InvestorsObserver Analysts
Elysian (ELY): Does it Score Poorly on Short-Term Trading Metrics Wednesday?

Elysian receives a strong short-term technical ranking of 81 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. ELY has a superior recent technical analysis than 81% 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.

Short-Term Technical - 81
InvestorsObserver is giving Elysian a 81 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Elysian!

Trading Analysis

Elysian is $0.000815 (242.89%) above its 30-day low of $0.000335516 while -$0.000777 (-40.30%) below its 30-day high of $0.00192701. In addition, ELY's current price of $0.001150459 is above its 30-day moving average price of $0.001142662, leading to a strong short-term technical score. Overall the recent trading history of Elysian suggest that investors are bullish on the token at the moment. ELY has a low market cap compared to the majority of tokens with a total market value of $112,706.07. Elysian'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. Elysian's average volume is low as $716,405.57 worth of the token is typically traded over a 24 hour period. ELY'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 ELY's volume is below its average with $98,021.38 exchanged.

Summary

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

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