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Is Corite (CO) Heading the Right Direction Wednesday?

Wednesday, December 06, 2023 05:32 PM | InvestorsObserver Analysts
Is Corite (CO) Heading the Right Direction Wednesday?

Corite receives an average long-term technical score of 65 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. CO currently holds a superior long-term technical analysis score than 65% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

Long-Term Technical - 65
InvestorsObserver is giving Corite a 65 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Corite!

Trading Analysis

CO is currently $0.0021207 (51.87%) above its 100-day moving average price of $0.004088900 with its current price of $0.006209638. Meanwhile, Corite is $0.0032728 (-374342.72%) above its 52-week low price of $0.002936825 and -$0.05263056 (-16984.63%) below its 52-week high of $0.058840200. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 65. Trends for the long-term trading history of Corite suggest that traders are currently neutral on the token. Corite has a total market value of $758,815.25 with an low average daily volume of $486,754.14 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, CO's volume is below its average with $73,806.16 exchanged in total. This token's subclass Media, Music and Content: Cryptocurrencies used to create, represent ownership of, or facilitate trading in various media, including music and other content.

Summary

Trading patterns over the last year for Corite leads to the token's an average long-term technical score of 65 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token. Click Here to get the full Report on Corite (CO).

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