Is COVA (COVA) Heading the Right Direction Thursday?

Thursday, April 21, 2022 02:34 PM | InvestorsObserver Analysts

InvestorsObserver gives COVA a weak long-term technical score of 1 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. COVA at this time has a superior long-term technical analysis score than 1% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

InvestorsObserver is giving COVA a 1 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on COVA!

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Trading Analysis

COVA is currently -$0.0000251 (-40.95%) below its 100-day moving average price of $0.000061302 with its current price of $0.000036199. Meanwhile, COVA is $0.0000135 (-48419962.60%) above its 52-week low price of $0.000022718 and -$0.18073155 (-5531.94%) below its 52-week high of $0.180767745. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 1. Trends for the long-term trading history of COVA suggest that traders are currently bearish on the token. COVA has a market capitalization of $90,353.67 and a relatively low average daily volume with $776.70 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, COVA's volume is below its seven day average with 155.44 exchanged.

Summary

COVA's historical trading over the past year gives it a a weak long-term technical score of 1 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 COVA (COVA).