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ERC20 (ERC20) Receives a Bearish Rating Monday: Is it Time to Jump Ship?

Monday, November 27, 2023 08:35 AM | InvestorsObserver Analysts
ERC20 (ERC20) Receives a Bearish Rating Monday: Is it Time to Jump Ship?

ERC20 (ERC20) gets a bearish rating from InvestorsObserver Monday. The Art, Collectibles and Non-Fungible Tokens asset is down 38.42% to $0.009615140546 while the broader crypto market is down 1.79%.

Sentiment Score - ,
ERC20 has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ERC20!

Bearish

Over the last five days, ERC20 has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of ERC20 over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

ERC20 is currently trading near its five-day low of $0.00825128797441721. The Art, Collectibles and Non-Fungible Tokens asset is 43.57% off its five-day high and is 16.53% higher than its five-day low of $0.00825128797441721.

ERC20 price is currently below support. With support set around $0.011071848642483 and resistance at $0.018287301954284, ERC20 is potentially in volatile territory as selling pushes the crypto's price below recent support.

ERC20 has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on ERC20

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