Is Falafel Coin (FALAFEL) Trending Lower or Higher Sunday?

Sunday, January 16, 2022 06:18 AM | InvestorsObserver Analysts

Falafel Coin receives a weak short-term technical ranking of 24 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. FALAFEL has a superior recent technical analysis than 24% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving Falafel Coin a 24 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Falafel Coin!

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Trading Analysis

FALAFEL is currently $0.000000 (342.47%) above its 30-day low of $0.000000000 and $0.000000 (-58.25%) below its 30-day high of $0.00000000. Additionally, FALAFEL is under its average price of $0.000000001 over the past month of trading with its current price of $0.000000000. Overall, the recent trading history of Falafel Coin suggest that traders are currently bearish on the token. FALAFEL has a low market cap compared to the majority of tokens with a total market value of $0.00. Falafel Coin'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. Falafel Coin's average volume is low as $1,212.05 worth of the token is typically traded over a 24 hour period. FALAFEL'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 past 24 hours FALAFEL's volume is below its average with $161.18 exchanged. Falafel Coin'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

Falafel Coin's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on Falafel Coin (FALAFEL).