Is Leverj Gluon (L2) Trending Lower or Higher Monday?
Monday, May 29, 2023 07:59 PM | InvestorsObserver Analysts
Leverj Gluon receives a weak short-term technical score of 13 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. L2 holds a better recent technical analysis than 13% of tokens 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 Leverj Gluon a 13 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Leverj Gluon!
Leverj Gluon is $0.000122 (6.68%) above its 30-day low of $0.001834745 while -$0.006330 (-76.38%) below its 30-day high of $0.00828750. In addition, L2's current price of $0.001957241 is under its 30-day moving average price of $0.003081768, leading to a weak short-term technical score. Overall the recent trading history of Leverj Gluon suggest that investors are bearish on the token at the moment.
Leverj Gluon's market cap of $428,814.90 is relatively low for a token. Leverj Gluon'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, L2's average volume is low with $203.59 worth of the token traded over an average 24 hour period. L2'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, L2's volume is below its usual with $29.32 exchanged.
Leverj Gluon's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.
Summary
Leverj Gluon'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 token in the near future.
Click Here to get the full Report on Leverj Gluon (L2).
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