Is CryptoTanks (TANK) Heading the Right Direction Wednesday?

Wednesday, March 27, 2024 02:02 PM | InvestorsObserver Analysts

CryptoTanks receives a weak long-term technical score of 25 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. TANK currently holds a superior long-term technical analysis score than 25% 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'.

InvestorsObserver is giving CryptoTanks a 25 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on CryptoTanks!

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Trading Analysis

The current trading price of $0.003188823 for TANK is $0.0012147 (61.53%) above the tokens 100-day moving average of $0.001974112. TANK meanwhile is $0.0023074 (-1247664.32%) above its 52-week low of $0.000881392 and -$0.01851291 (-46064.58%) under its 52-week high price of $0.021701729. CryptoTanks's current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 25. The price movement and range of TANK suggest that investors are bearish on the token at this time. CryptoTanks has a total market value of $155,008.68 with an low average daily volume of $222,566.41 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, TANK's volume is below its average with $33,675.87 exchanged in total. This token's subclass Gaming: Gaming crytpocurrencies are similar to rewards or items in traditional games, but are decentralized and exist on the blockchain which allows users to own the items they acquire in-game, such as XP, weapons, and skins that can be traded with other uses. This subclass also includes tokens used in gambling and other forms of entertainment.

Summary

Trading patterns over the last year for CryptoTanks leads to the token's a weak long-term technical score of 25 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the token. Click Here to get the full Report on CryptoTanks (TANK).