Is Coin98 (C98) Heading the Right Direction Wednesday?

Wednesday, November 16, 2022 09:35 AM | InvestorsObserver Analysts

Coin98 receives an average long-term technical score of 49 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, C98 holds a superior long-term technical analysis score than 49% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

InvestorsObserver is giving Coin98 a 49 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Coin98!

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Trading Analysis

C98 is currently -$0.1000000 (-25.15%) below its 100-day moving average price of $0.380000000 with its current price of $0.280000000. Meanwhile, Coin98 is $0.1100000 (-6074.88%) above its 52-week low price of $0.180000000 and -$3.43000000 (-261.69%) below its 52-week high of $3.710000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 49. Trends for the long-term trading history of Coin98 suggest that traders are currently bearish on the token. Coin98 has a market capitalization of $61,552,204.63 and a relatively average average daily volume with $14,614,558,136.08 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, C98's volume is below its seven day average with 55,557,613.38 exchanged.

Summary

C98's historical trading over the past year gives it a an average long-term technical score of 49 as its price movement in that time has given investors reason to be bearish on the token in the long-term. Click Here to get the full Report on Coin98 (C98).