Is Elamachain (ELAMA) Trending Lower or Higher Saturday?

Elamachain receives a weak short-term technical score of 27 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. ELAMA holds a better recent technical analysis than 27% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving Elamachain a 27 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Elamachain!

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Trading Analysis

Elamachain is $0.000360 (17.50%) higher than its 30-day low price of $0.002055420 while also -$0.002227 (-47.97%) lower than its high of $0.00464168 from the past month of trading. Meanwhile, ELAMA's current price of $0.002415022 is under its average price of $0.003584359 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Elamachain suggest that traders are currently bearish on the token. Elamachain's market cap of $2,096,486.89 is relatively low for a token. Elamachain'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, ELAMA's average volume is low with $2,400,938.22 worth of the token traded over an average 24 hour period. ELAMA'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, ELAMA's volume is below its usual with $353,779.41 exchanged.

Summary

Elamachain's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the token in the near future. Click Here to get the full Report on Elamachain (ELAMA).