Ignis (IGNIS): Does it Score Well on Short-Term Trading Metrics Saturday?

InvestorsObserver gives Ignis a strong short-term technical score of 73 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. IGNIS has currently traded better than 73% 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.

InvestorsObserver is giving Ignis a 73 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ignis!

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Trading Analysis

Ignis is $0.001525 (22.81%) higher than its 30-day low price of $0.006688482 while also -$0.004707 (-36.43%) lower than its high of $0.01292127 from the past month of trading. Meanwhile, IGNIS's current price of $0.008213942 is under its average price of $0.008837342 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Ignis suggest that traders are currently bullish on the token. IGNIS has a average market cap compared to the majority of tokens with a total market value of $6,251,992.50. The market valuation for Ignis is relatively average due to the largest 100 cryptos having a market cap above $1 billion and IGNIS sits underneath that mark but remains above $100 million in market capilization. Ignis's average volume is average as $835,056.52 worth of the token is typically traded over a 24 hour period. The volume for IGNIS is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours IGNIS's volume is below its average with $130,846.89 exchanged. Ignis's subclass Payment Tokens: A token used as a form of payment for goods and services either in or outside of the crypto ecosystem. Often used as payment for services in a particular blockchain environment.

Summary

IGNIS's recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the token in the short-term. Click Here to get the full Report on Ignis (IGNIS).