HempCoin (THC): Does it Score Well on Short-Term Trading Metrics Sunday?

Sunday, July 31, 2022 07:26 PM | InvestorsObserver Analysts

HempCoin receives a weak short-term technical score of 27 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. THC holds a better recent technical analysis than 27% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving HempCoin a 27 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on HempCoin!

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Trading Analysis

HempCoin is $0.000321 (16.31%) higher than its 30-day low price of $0.001966614 while also -$0.001995 (-46.59%) lower than its high of $0.00428285 from the past month of trading. Meanwhile, THC's current price of $0.002287440 is under its average price of $0.002626934 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of HempCoin suggest that traders are currently bearish on the coin. THC has a relatively low market cap for a coin with a total market value of $610,124.64. HempCoin'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. HempCoin's average volume meanwhile is low with $596.39 worth of the coin traded over a typical 24 hour period. THC'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, THC's volume is below its average with $89.85 exchanged.

Summary

HempCoin's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the coin in the near future. Click Here to get the full Report on HempCoin (THC).