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Garlicoin (GRLC): Does it Score Poorly on Short-Term Trading Metrics Thursday?

Thursday, February 29, 2024 07:52 PM | InvestorsObserver Analysts
Garlicoin (GRLC): Does it Score Poorly on Short-Term Trading Metrics Thursday?

Garlicoin receives a strong short-term technical ranking of 68 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. GRLC has a superior recent technical analysis than 68% of coins 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 - 68
InvestorsObserver is giving Garlicoin a 68 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Garlicoin!

Trading Analysis

Garlicoin is $0.007752 (101.29%) higher than its 30-day low price of $0.007653304 while also -$0.001641 (-9.63%) lower than its high of $0.01704614 from the past month of trading. Meanwhile, GRLC's current price of $0.015405205 is above its average price of $0.011116486 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Garlicoin suggest that traders are currently bullish on the coin.
Garlicoin's market cap of $1,052,925.61 is relatively low for a coin. Garlicoin'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. Meanwhile, GRLC's average volume is low with $1,231.39 worth of the coin traded over an average 24 hour period. GRLC'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 last 24 hours, GRLC's volume is below its usual with $183.86 exchanged.

Summary

Garlicoin'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 coin's short-term movement. Click Here to get the full Report on Garlicoin (GRLC).

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