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Gourmet Galaxy (GUM): How Does the Chart Look Monday?

Monday, March 20, 2023 09:45 AM | InvestorsObserver Analysts
Gourmet Galaxy (GUM): How Does the Chart Look Monday?

InvestorsObserver gives Gourmet Galaxy an average short-term technical score of 34 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. GUM has currently traded better than 34% 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 - 34
InvestorsObserver is giving Gourmet Galaxy a 34 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Gourmet Galaxy!

Trading Analysis

Gourmet Galaxy is $0.006155 (35.62%) above its 30-day low of $0.017278587 while -$0.002955 (-11.20%) below its 30-day high of $0.02638880. In addition, GUM's current price of $0.023433364 is above its 30-day moving average price of $0.021957302, leading to an average short-term technical score. Overall the recent trading history of Gourmet Galaxy suggest that investors are neutral on the token at the moment.
GUM has a relatively low market cap for a token with a total market value of $77,614.69. Gourmet Galaxy'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. Gourmet Galaxy's average volume meanwhile is low with $418,364.26 worth of the token traded over a typical 24 hour period. GUM'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, GUM's volume is below its average with $56,203.92 exchanged. Gourmet Galaxy'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

Gourmet Galaxy's trading over the past 30 days leads to its an average short-term technical score due to recent price movement suggesting more neutral signals for traders on the token in the near future. Click Here to get the full Report on Gourmet Galaxy (GUM).

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