Indorse Token (IND): Does it Score Well on Short-Term Trading Metrics Friday?

Friday, January 14, 2022 09:11 AM | InvestorsObserver Analysts

Indorse Token receives a strong short-term technical score of 98 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. IND holds a better recent technical analysis than 98% of tokens 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 Indorse Token a 98 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Indorse Token!

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Trading Analysis

Indorse Token is $0.019379 (186.40%) higher than its 30-day low price of $0.010396584 while also -$0.030477 (-50.58%) lower than its high of $0.06025261 from the past month of trading. Meanwhile, IND's current price of $0.029775614 is above its average price of $0.024173492 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Indorse Token suggest that traders are currently bullish on the token. Currently, volume and market capitalization data for IND are unavailable. The lack of available data is typically a sign of either a new coin or token brought to market or one with extremely low volume and value levels that it is not picked up by leading data providers. No recorded volume or market cap usually correlate with highly volatile coins that may not be the greatest investment choice for the majority of investors. However, those looking for newer cryptos may find tokens such as Indorse Token extra intriguing.

Summary

Indorse Token's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future. Click Here to get the full Report on Indorse Token (IND).