Is GCN Coin (GCN) Heading the Wrong Direction Sunday?

Sunday, March 13, 2022 09:09 AM | InvestorsObserver Analysts

InvestorsObserver gives GCN Coin a weak short-term technical score of 19 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. GCN has currently traded better than 19% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving GCN Coin a 19 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on GCN Coin!

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Trading Analysis

GCN is currently $0.000000 (52.36%) above its 30-day low of $0.000000195 and -$0.000001 (-64.31%) below its 30-day high of $0.00000083. Additionally, GCN is under its average price of $0.000000302 over the past month of trading with its current price of $0.000000297. Overall, the recent trading history of GCN Coin suggest that traders are currently bearish on the coin. GCN Coin's market cap of $51,184.62 is relatively low for a coin. GCN 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. Meanwhile, GCN's average volume is low with $18.68 worth of the coin traded over an average 24 hour period. GCN'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, GCN's volume is below its usual with $2.50 exchanged.

Summary

GCN 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 coin's short-term movement. Click Here to get the full Report on GCN Coin (GCN).