InvestorsObserver
×
News Home

Is Enigma (ENG) Heading the Wrong Direction Thursday?

Thursday, February 03, 2022 08:35 AM | InvestorsObserver Analysts
Is Enigma (ENG) Heading the Wrong Direction Thursday?

Enigma receives a strong short-term technical score of 69 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. ENG holds a better recent technical analysis than 69% 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.

Short-Term Technical - 69
InvestorsObserver is giving Enigma a 69 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Enigma!

Trading Analysis

Enigma is $0.013425 (56.57%) higher than its 30-day low price of $0.023733923 while also -$0.088654 (-70.46%) lower than its high of $0.12581329 from the past month of trading. Meanwhile, ENG's current price of $0.037159194 is under its average price of $0.052116732 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Enigma suggest that traders are currently bullish on the token. Enigma's market cap of $516,207.99 is relatively low for a token. Enigma'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, ENG's average volume is low with $1,260,255.20 worth of the token traded over an average 24 hour period. ENG'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, ENG's volume is below its usual with $191,923.07 exchanged.

Summary

Enigma's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement. Click Here to get the full Report on Enigma (ENG).

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App