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Is Color Platform (CLR) Heading the Right Direction Monday?

Monday, January 10, 2022 10:54 AM | InvestorsObserver Analysts
Is Color Platform (CLR) Heading the Right Direction Monday?

InvestorsObserver gives Color Platform a strong short-term technical score of 93 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. CLR has currently traded better than 93% 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.

Short-Term Technical - 93
InvestorsObserver is giving Color Platform a 93 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Color Platform!

Trading Analysis

CLR is currently $0.004901 (816.71%) above its 30-day low of $0.000600045 and -$0.006123 (-52.68%) below its 30-day high of $0.01162319. Additionally, CLR is above its average price of $0.005460859 over the past month of trading with its current price of $0.005500651. Overall, the recent trading history of Color Platform suggest that traders are currently bullish on the token. Color Platform's market cap of $754,855.84 is relatively low for a token. Color Platform'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, CLR's average volume is low with $7,852.41 worth of the token traded over an average 24 hour period. CLR'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, CLR's volume is below its usual with $1,070.17 exchanged.

Summary

Color Platform'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 token in the near future. Click Here to get the full Report on Color Platform (CLR).

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