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ERC20 (ERC20): How Does the Chart Look Friday?

Friday, December 01, 2023 08:23 AM | InvestorsObserver Analysts
ERC20 (ERC20): How Does the Chart Look Friday?

InvestorsObserver gives ERC20 a strong short-term technical score of 78 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. ERC20 has currently traded better than 78% 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 - 78
InvestorsObserver is giving ERC20 a 78 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on ERC20!

Trading Analysis

ERC20 is $0.007918 (95.96%) higher than its 30-day low price of $0.008251288 while also -$0.005514 (-25.43%) lower than its high of $0.02168340 from the past month of trading. Meanwhile, ERC20's current price of $0.016169254 is above its average price of $0.011653012 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of ERC20 suggest that traders are currently bullish on the token.
ERC20 has a average market cap compared to the majority of tokens with a total market value of $18,249,146.20. The market valuation for ERC20 is relatively average due to the largest 100 cryptos having a market cap above $1 billion and ERC20 sits underneath that mark but remains above $100 million in market capilization. ERC20's average volume is average as $2,817.32 worth of the token is typically traded over a 24 hour period. The volume for ERC20 is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours ERC20's volume is below its average with $430.47 exchanged. ERC20's subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that use blockchain technology to authenticate and verify ownership. They often take the form of photos, videos, audio, and other representations of real-world items. This category also includes other tokens that are used in the buying, selling or collecting of art or certain other digital goods.

Summary

ERC20's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement. Click Here to get the full Report on ERC20 (ERC20).

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