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Internet of Energy Network (IOEN) What Does the Chart Say Friday?

Friday, January 21, 2022 07:25 PM | InvestorsObserver Analysts
Internet of Energy Network (IOEN) What Does the Chart Say Friday?

Internet of Energy Network receives a strong short-term technical score of 89 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. IOEN holds a better recent technical analysis than 89% 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.

Short-Term Technical - 89
InvestorsObserver is giving Internet of Energy Network a 89 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Internet of Energy Network!

Trading Analysis

IOEN is currently $0.008345 (25.96%) above its 30-day low of $0.032150138 and -$19,851.529817 (-100.00%) below its 30-day high of $19,851.57031250. Additionally, IOEN is under its average price of $0.054302740 over the past month of trading with its current price of $0.040495606. Overall, the recent trading history of Internet of Energy Network suggest that traders are currently bullish on the token. Internet of Energy Network's market cap of $809,912.12 is relatively low for a token. Internet of Energy Network'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, IOEN's average volume is low with $2,324,460.50 worth of the token traded over an average 24 hour period. IOEN'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, IOEN's volume is below its usual with $344,686.32 exchanged.

Summary

Internet of Energy Network'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 Internet of Energy Network (IOEN).

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