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Is Humaniq (HMQ) Heading the Right Direction Friday?

Friday, March 01, 2024 06:04 AM | InvestorsObserver Analysts
Is Humaniq (HMQ) Heading the Right Direction Friday?

Humaniq receives an average long-term technical score of 65 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. HMQ currently holds a superior long-term technical analysis score than 65% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

Long-Term Technical - 65
InvestorsObserver is giving Humaniq a 65 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Humaniq!

Trading Analysis

HMQ is currently $0.0007844 (16.88%) above its 100-day moving average price of $0.004647811 with its current price of $0.005432174. Meanwhile, Humaniq is $0.0050892 (-3205761.61%) above its 52-week low price of $0.000342963 and -$0.00600573 (-87381.12%) below its 52-week high of $0.011437903. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 65. Trends for the long-term trading history of Humaniq suggest that traders are currently neutral on the token. Currently, volume and market capitalization data is not available for HMQ. The lack of available data is typically a sign of either a new coin or token brought to market or one with extremely low volume and value levels that it is not picked up by leading data providers. No recorded volume or market cap usually correlate with highly volatile coins that may not be the greatest investment choice for the majority of investors. However, those looking for newer cryptos may find tokens such as Humaniq extra intriguing.

Summary

Technical analysis of Humaniq over the past year results in the crypto receiving a an average long-term technical score of 65 as its price movement in that time has given traders reason to be neutral on the token in the long-term. Click Here to get the full Report on Humaniq (HMQ).

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