Is Amon (AMN) Trending Lower or Higher Thursday?

Thursday, January 20, 2022 03:49 PM | InvestorsObserver Analysts

Amon 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. AMN has a superior recent technical analysis than 88% 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.

InvestorsObserver is giving Amon a 88 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Amon!

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Trading Analysis

Amon is $0.001356 (91.07%) higher than its 30-day low price of $0.001488811 while also -$0.002007 (-41.37%) lower than its high of $0.00485204 from the past month of trading. Meanwhile, AMN's current price of $0.002844602 is above its average price of $0.002505122 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Amon suggest that traders are currently bullish on the token. Amon's market cap of $2,032,027.42 is relatively low for a token. Amon'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, AMN's average volume is low with $27,715.21 worth of the token traded over an average 24 hour period. AMN'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, AMN's volume is below its usual with $3,724.57 exchanged.

Summary

AMN'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 Amon (AMN).