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Is Achain (ACT) Trending Lower or Higher Wednesday?

Wednesday, January 05, 2022 11:28 AM | InvestorsObserver Analysts
Is Achain (ACT) Trending Lower or Higher Wednesday?

Achain receives a strong short-term technical ranking of 88 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. ACT has a superior recent technical analysis than 88% of coins 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 - 88
InvestorsObserver is giving Achain a 88 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Achain!

Trading Analysis

Achain is $0.002538 (75.73%) higher than its 30-day low price of $0.003351111 while also -$0.001358 (-18.74%) lower than its high of $0.00724730 from the past month of trading. Meanwhile, ACT's current price of $0.005888878 is under its average price of $0.006235768 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Achain suggest that traders are currently bullish on the coin. ACT has a average market cap compared to the majority of coins with a total market value of $5,888,878.10. The market valuation for Achain is relatively average due to the largest 100 cryptos having a market cap above $1 billion and ACT sits underneath that mark but remains above $100 million in market capilization. Achain's average volume is average as $7,413,223.99 worth of the coin is typically traded over a 24 hour period. The volume for ACT is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours ACT's volume is below its average with $733,409.11 exchanged.

Summary

Achain'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 coin in the near future. Click Here to get the full Report on Achain (ACT).

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