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Equal (EQL): Does it Score Well on Short-Term Trading Metrics Saturday?

Saturday, July 30, 2022 07:10 AM | InvestorsObserver Analysts
Equal (EQL): Does it Score Well on Short-Term Trading Metrics Saturday?

InvestorsObserver gives Equal a strong short-term technical score of 88 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. EQL has currently traded better than 88% of tokens 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.

Short-Term Technical - 88
InvestorsObserver is giving Equal a 88 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Equal!

Trading Analysis

EQL is currently $0.000396 (240.22%) above its 30-day low of $0.000164741 and -$0.000651 (-53.75%) below its 30-day high of $0.00121193. Additionally, EQL is above its average price of $0.000374130 over the past month of trading with its current price of $0.000560487. Overall, the recent trading history of Equal suggest that traders are currently bullish on the token.
EQL has a relatively low market cap for a token with a total market value of $227,469.51. Equal'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. Equal's average volume meanwhile is low with $12,792.23 worth of the token traded over a typical 24 hour period. EQL'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, EQL's volume is below its average with $1,677.38 exchanged.

Summary

Equal'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 token in the near future. Click Here to get the full Report on Equal (EQL).

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