Is ION (ION) Heading the Wrong Direction Thursday?

Thursday, August 04, 2022 10:51 AM | InvestorsObserver Analysts

ION receives a weak short-term technical score of 12 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. ION holds a better recent technical analysis than 12% 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 ION a 12 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on ION!

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Trading Analysis

ION is currently $0.000768 (19.07%) above its 30-day low of $0.004026297 and -$0.006267 (-56.66%) below its 30-day high of $0.01106130. Additionally, ION is under its average price of $0.005974430 over the past month of trading with its current price of $0.004793956. Overall, the recent trading history of ION suggest that traders are currently bearish on the coin. Currently, volume and market capitalization data for ION are unavailable. 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 coins such as ION extra intriguing.

Summary

ION'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 ION (ION).