Ink (INK): Does it Score Well on Short-Term Trading Metrics Monday?

Monday, March 20, 2023 11:53 AM | InvestorsObserver Analysts

InvestorsObserver gives Ink a strong short-term technical score of 98 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. INK has currently traded better than 98% 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 Ink a 98 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ink!

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Trading Analysis

INK is currently $0.000674 (154.79%) above its 30-day low of $0.000435580 and -$0.002333 (-67.76%) below its 30-day high of $0.00344251. Additionally, INK is above its average price of $0.000537449 over the past month of trading with its current price of $0.001109808. Overall, the recent trading history of Ink suggest that traders are currently bullish on the token. Ink's market cap of $514,851.58 is relatively low for a token. Ink'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, INK's average volume is low with $1,159,749.01 worth of the token traded over an average 24 hour period. INK'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, INK's volume is below its usual with $144,519.17 exchanged.

Summary

INK'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 Ink (INK).