Is ALLY (ALY) Heading the Wrong Direction Tuesday?

Tuesday, January 11, 2022 07:30 AM | InvestorsObserver Analysts

InvestorsObserver gives ALLY a strong short-term technical score of 97 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. ALY has currently traded better than 97% 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 ALLY a 97 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on ALLY!

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Trading Analysis

ALLY is $0.000932 (55.94%) above its 30-day low of $0.001666074 while -$0.003105 (-54.44%) below its 30-day high of $0.00570300. In addition, ALY's current price of $0.002598063 is above its 30-day moving average price of $0.002287758, leading to a strong short-term technical score. Overall the recent trading history of ALLY suggest that investors are bullish on the token at the moment. ALLY's market cap of $5,975,544.11 is relatively average for a token. The market valuation for ALLY is relatively average due to the largest 100 cryptos having a market cap above $1 billion and ALY sits underneath that mark but remains above $100 million in market capilization. Meanwhile, ALY's average volume is average with $4,071,144.50 worth of the token traded over an average 24 hour period. The volume for ALY 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 last 24 hours, ALY's volume is below its usual with $588,989.35 exchanged.

Summary

ALY'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 ALLY (ALY).