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ION (ION): How Does the Chart Look Friday?

Friday, August 05, 2022 11:46 AM | InvestorsObserver Analysts
ION (ION): How Does the Chart Look Friday?

ION receives a strong long-term technical score of 78 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. ION currently holds a superior long-term technical analysis score than 78% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

Long-Term Technical - 78
InvestorsObserver is giving ION a 78 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on ION!

Trading Analysis

ION's price is -$30.8145014 (-99.98%) below its 100-day moving average price of $30.821820246 as its price at the moment sits at $0.007318892. Additionally, ION is $0.0049046 (-455324.88%) higher than its 52-week low price of $0.002414250 while -$5,265.14063033 (-0.19%) under its 52-week high of $5,265.147949219. The current trading price in relation to its long-term average along with its 52-week high and low, gives ION a strong long-term technical score of 78. Long-term trading movement of ION suggest that investors are neutral on the coin at the moment. Currently, volume and market capitalization data is not available for ION. 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 coins such as ION extra intriguing.

Summary

Trading patterns over the last year for ION leads to the coin's a strong long-term technical score of 78 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin. Click Here to get the full Report on ION (ION).

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