Is Graviocoin (GIO) Trending Lower or Higher Monday?

Monday, December 27, 2021 02:14 PM | InvestorsObserver Analysts

Graviocoin receives a weak short-term technical score of 2 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. GIO holds a better recent technical analysis than 2% of coins 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 Graviocoin a 2 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

Graviocoin is $0.006443 (38.62%) above its 30-day low of $0.016686037 while -$0.030261 (-56.68%) below its 30-day high of $0.05339057. In addition, GIO's current price of $0.023129461 is under its 30-day moving average price of $0.039384719, leading to a weak short-term technical score. Overall the recent trading history of Graviocoin suggest that investors are bearish on the coin at the moment. GIO has a low market cap compared to the majority of coins with a total market value of $1,668,293.77. 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 $32,967.41 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 $4,231.69 exchanged.

Summary

Graviocoin'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 coin in the near future. Click Here to get the full Report on Graviocoin (GIO).