Is Graviocoin (GIO) Heading the Right Direction Thursday?

Thursday, January 13, 2022 07:51 PM | InvestorsObserver Analysts

InvestorsObserver gives Graviocoin a weak short-term technical score of 17 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. GIO has currently traded better than 17% 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 Graviocoin a 17 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Graviocoin!

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Trading Analysis

GIO is currently $0.010326 (111.84%) above its 30-day low of $0.009232978 and -$0.022329 (-53.31%) below its 30-day high of $0.04188880. Additionally, GIO is under its average price of $0.028974099 over the past month of trading with its current price of $0.019559363. Overall, the recent trading history of Graviocoin suggest that traders are currently bearish on the coin. GIO has a low market cap compared to the majority of coins with a total market value of $1,410,787.89. Graviocoin'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. Graviocoin's average volume is low as $31,212.65 worth of the coin is typically traded over a 24 hour period. GIO'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 GIO's volume is below its average with $4,234.81 exchanged.

Summary

Graviocoin'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 Graviocoin (GIO).