Factom (FCT): Does it Score Poorly on Long-Term Trading Metrics Tuesday?

Tuesday, July 05, 2022 03:45 PM | InvestorsObserver Analysts

Factom receives a weak long-term technical score of 26 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, FCT holds a superior long-term technical analysis score than 26% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

InvestorsObserver is giving Factom a 26 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Factom!

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Trading Analysis

The current trading price of $0.160000000 for FCT is -$0.2400000 (-59.72%) below the coins 100-day moving average of $0.400000000. FCT meanwhile is $0.0400000 (-9087.49%) above its 52-week low of $0.120000000 and -$2.48000000 (-372.29%) under its 52-week high price of $2.640000000. Factom's current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 26. The price movement and range of FCT suggest that investors are bearish on the coin at this time. Factom currently has a total market cap of $1,682,734.94 to go along with its average daily volume of $12,464.38 worth of the currency over the past seven days. FCT's volume is below its seven day average as of the past 24 hours, with 1,977.49 exchanged in that period.

Summary

Technical analysis of Factom over the past year results in the crypto receiving a a weak long-term technical score of 26 as its price movement in that time has given traders reason to be bearish on the coin in the long-term. Click Here to get the full Report on Factom (FCT).