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Is 2key.network (2KEY) Trending Lower or Higher Tuesday?

Tuesday, January 18, 2022 09:03 AM | InvestorsObserver Analysts
Is 2key.network (2KEY) Trending Lower or Higher Tuesday?

2key.network receives a weak short-term technical ranking of 33 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. 2KEY has a superior recent technical analysis than 33% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

Short-Term Technical - 33
InvestorsObserver is giving 2key.network a 33 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on 2key.network!

Trading Analysis

2key.network is $0.001355 (14.88%) higher than its 30-day low price of $0.009104889 while also -$0.012998 (-55.41%) lower than its high of $0.02345720 from the past month of trading. Meanwhile, 2KEY's current price of $0.010459493 is under its average price of $0.011697937 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of 2key.network suggest that traders are currently bearish on the token. 2KEY has a relatively low market cap for a token with a total market value of $818,452.19. 2key.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. 2key.network's average volume meanwhile is low with $22,946.60 worth of the token traded over a typical 24 hour period. 2KEY'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. As of the past 24 hours, 2KEY's volume is below its average with $3,395.45 exchanged.

Summary

2key.network's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the token in the near future. Click Here to get the full Report on 2key.network (2KEY).

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